purpose of Financing:
This product is designed to finance existing or newly established daycare centers and kindergartens. The program aims to support and expand these businesses by providing a reducing loan to facilitate the financing of operational and administrative expenses, or financing for fixed assets and expansion of the daycare centers.

Target Sector:
Service sector (Education).

Loan Amount:
• The maximum loan amount is 250,000 Jordanian Dinars (JOD)
• For Startups businesses, the maximum amount is 100,000 JOD.

Minimum Loan Amount:
10,000 JOD.

Loan Term:
• Fixed asset financing: Up to a maximum of 96 months.
• Working capital and purchases financing: Up to a maximum of 36 months, in line with the cash flows and operational cycle of the business.
• Grace Period: up to 6 months maximum and calculated within the total period of above payment.

Interest Rate and Fees:
• Interest rate: 9.25%.
• For start-up businesses: 9%.
• Annual commission fee: 1%.

Financing Ratio:
The financing ratio can be up to 100% of the client’s needs.

Financing Conditions:
• The borrower’s age should not exceed 70 years at the end of the loan term.
• The minimum age of the borrower is 20 years.
• The borrower must be a Jordanian national; if the borrower is not Jordanian, a Jordanian guarantor is required and must be creditworthy.
• A personal guarantee is required for all main partners jointly and severally, regardless of the type of company.
• The company or any partner should not appear on the list of returned checks.
• A bank statement for the last 6 months is required, free of returned checks due to insufficient funds (if any).
• Must not have any financial issues or any negative indications within the CRIF system.

*For individual enterprises, 1% commission is deducted upon grant only.