As part of its commitment to supporting micro, small and medium-sized enterprises (MSMEs) and strengthening its role in advancing economic development, Jordan Kuwait Bank signed an agreement with the Jordan Loan Guarantee Corporation to join the “Guarantee for Employment” Programme. The agreement aims to expand the range of financing solutions available to business owners and enable them to access the financing needed for growth and expansion, thereby contributing to the creation of new job opportunities and generating a sustainable economic impact. The agreement was signed by Mr. Adnan Naji, Director General of the Jordan Loan Guarantee Corporation, and Mr. Haitham Al-Bataikhi, Group Chief Executive Officer of Jordan Kuwait Bank, in the presence of a number of senior officials from both sides.
The agreement is aligned with the strategies of both the Corporation and the Bank, which seek to support productive sectors and enhance financial inclusion by expanding innovative financing solutions that meet the needs of business owners, enabling them to develop their businesses and increase their contribution to the national economy.
Commenting on the signing of the agreement, Mr. Adnan Naji, Director General of the Jordan Loan Guarantee Corporation, emphasized that the programme represents an effective tool for linking financing with tangible development impact by enabling micro, small and medium-sized enterprises to access the financing required for expansion in return for their contribution to creating new employment opportunities for Jordanians.
He added that the programme enhances financial inclusion by expanding the base of financing beneficiaries. It also helps mitigate credit risks for banks and financial institutions, supporting increased financing directed towards productive sectors and encouraging banks to offer financing incentives to businesses committed to creating new jobs, thereby contributing to sustainable economic growth.
For his part, Mr. Haitham Al-Bataikhi, Group Chief Executive Officer of Jordan Kuwait Bank, affirmed that the Bank’s joining of the “Guarantee for Employment” Programme reflects its continued commitment to supporting the MSME sector, as one of the key drivers of economic growth and job creation. He noted that this partnership will contribute to expanding business owners’ access to financing, supporting the growth of their businesses and enhancing their contribution to sustainable economic development.
He added, “At Jordan Kuwait Bank, we believe that effective partnerships with national institutions represent a fundamental pillar for achieving sustainable development. Our joining of this programme reaffirms our commitment to providing financing solutions with tangible impact that support entrepreneurs, enable them to grow their businesses, and achieve their ambitions.”
It is worth noting that the “Guarantee for Employment” Programme is implemented by the Jordan Loan Guarantee Corporation with funding from the German Government through KfW, the German Development Bank. The programme aims to encourage the banking sector to expand financing for small and medium-sized enterprises, strengthen their contribution to economic development, and create quality employment opportunities across the Kingdom’s governorates.
