Media ININ Economy We Trust
Media In / Agencies / Amman 17 April 2018
The Central Bank of Jordan provided the Jordan Loan Guarantee Company an advance of 50 million dinars to raise the ceiling of guarantee for the emerging projects to 250 thousand dinars from 100 thousand dinars.
The program was launched on the initiative of the Central Bank and in cooperation with banks operating in the Kingdom to provide financing on concessional terms for start-ups or newly established companies.
The program, managed by the Jordan Loan Guarantee Company, provides a guarantee of 85% of the value of financing granted by commercial and Islamic banks.
And benefited from this program to date 108 companies newly established and is expected to serve the program a number of close to the newly established companies during this year, especially after raising the ceiling of funding within the program to 250 thousand dinars.
The company said it had addressed banks operating in the Kingdom last week to encourage them to participate in the program and provide financing through which the importance of newly established companies in containing unemployment and stimulating economic activity in the Kingdom.
