Housing Bank has signed a cooperation
agreement with the Jordan Loan Guarantee Corporation to join the “Guarantee for
Employment” program.
Through this strategic partnership, the bank will offer
more flexible and comprehensive financing solutions to small and medium-sized
enterprises (SMEs), supporting business growth, enhancing competitiveness, and
contributing to economic development.
Commenting on the agreement, Ammar
Al-Safadi, Chief Executive Officer of Housing Bank, said the bank’s
participation reflects its continued commitment to supporting SMEs, which serve
as a key driver of Jordan’s economy.
He noted that the partnership will help
address the financing challenges faced by these businesses, enabling them to
expand, innovate, and create sustainable employment opportunities.
Adnan Naji, General Manager of the
Jordan Loan Guarantee Corporation, said the Guarantee for Employment program
adopts a development-focused approach by linking financing directly to job
creation and measurable economic impact.
He explained that the initiative is
designed to help micro, small, and medium-sized enterprises access the
financing they need to grow while generating new employment opportunities for
Jordanians.
Naji added that the program also
promotes greater financial inclusion by expanding access to financing for a
wider range of businesses while reducing credit risks for banks and financial
institutions.
This, in turn, encourages increased lending to productive sectors
and supports sustainable economic growth across the Kingdom.
It is worth noting that the Guarantee
for Employment program is implemented by the Jordan Loan Guarantee Corporation
with funding from the German government through the KfW Development Bank.
It
aims to encourage the banking sector to strengthen the contribution of SMEs to
sustainable development while creating quality employment opportunities across
all governorates of Jordan.
