Fund provided JD24 million in loans for projects in poverty pockets

By Petra - Feb 05,2014 - Last updated at Feb 05,2014

KARAK — The Development and Employment Fund (DEF) has provided around JD24 million in simple interest loans to establish investment projects in 28 poverty pockets and created 8,000 work opportunities around the Kingdom, DEF Director General Abdullah Freij said on Wednesday.

During a meeting with Qatraneh residents, he noted that DEF has allocated JD2.5 million to finance investment and development schemes in Karak Governorate, adding that JD1.5 million worth of projects were established in the governorate under the fund in 2013.

Rate

‘Fund allocates JD31 million to finance projects in 2014’

Jan 12,2014

The Development and Employment Fund (DEF) has announced its JD31 million funding plan for 2014, which will provide more than 10,000 work opportunities, a 30 per cent increase compared to last year.

Development fund highlights ‘success in 2014’

Dec 24,2014

The Development and Employment Fund (DEF) “has succeeded in applying its 2014 strategy” aimed at increasing loans to JD31 million, DEF Director General Abdullah Freij said Wednesday.

Cabinet approves $3.4m agreement for start-up loans to jobseekers

Aug 24,2016

AMMAN — The Council of Ministers on Wednesday approved a $3.4 million loan agreement with the Development and Employment Fund (DEF) to suppo