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CBJ grants JD50m loan to Jordan Loan Guarantee Corporation
By JT - Apr 17,2018 - Last updated at Apr 17,2018
AMMAN — Central Bank of Jordan (CBJ) has given a JD50 million loan to the Jordan Loan Guarantee Corporation (JLGC) to increase the start-ups’ guarantees ceiling from JD100,000 to JD250,000, the Jordan News, Agency, Petra, reported.
The funding programme, which has been launched by CBJ in cooperation with other banks and is managed by JLGC, has been providing loan guarantees worth 85 per cent of the funding value. Some 108 start-ups have so far benefitted from the programme, with expectations of an increase of projects after the guarantees ceiling increase, Petra said.
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