JLGC Participation in the "Industrial SMEs Financing Fair “
JLGC participated in the “Industrial SMEs Financing Fair” organized by Jordan Chamber of Industry and the patronage of the Central Bank of Jordan on the 26th of April, 2015, at Al Hussein Youth City. The event was attended by many industrialists and the participation of local banks and financial institutions.
H.E. Dr. Ziad Fariz; CBJ Governor in his opening remarks, revealed a study to establish a special fund to finance innovative projects, in cooperation with the Jordan Loan Guarantee Corporation and the Jordan Chamber of Industry (JCI), with focus on funding developmental and technological innovative initiatives. H.E. mentioned that a total of JD 500 million was provided to startup SMEs, through lending from international development funds in coordination with the government.
The event formed a good opportunity to promote financing to industrial sector, giving the importance of dialogue between the industrial and finance sectors to set the proper tools to facilitate the loan processing, especially for small, medium and entrepreneurial projects, which face challenges in securing funds. It also highlighted different types of loans and banking services financers provide, in addition to Islamic financing available for the industrial sector.
The fair was a great opportunity for JLGC to present and promote loan guarantee programs, exploring the obstacles manufacturers usually face when borrowing from the banks. This was to enhance JLGC role through improving the credit environment for economically viable small and medium enterprises to achieve sustainable economic development in Jordan.