Rural Economic Growth and Employment Project (REGEP) Support Program

A program for financing farmers and those who have emerging ideas related to agriculture, livestock, and rural production, whether they are existing projects whose owners want to develop or project ideas that the owner seeks to finance through Safwa Islamic Bank.

Features:

  1. Competitive fixed Murabaha rate of 4.9%.
  2. Exemption from the 1% grant commission.
  3. Financing up to 50,000 JD per client.
  4. Repayment period of up to 8 years.
  5. A grace period of up to 12 months.
  6. Financing of up to 90%.
  7. Free Takaful insurance.

Target governorates:

Funded projects are located in the following governorates:
(Ajloun, Jerash, Balqa, Madaba, Mafraq, Irbid, Zarqa, Tafilah, Karak, and Ma’an)

The nature of the activities related to the field of agriculture:

  • Financing supplies pertaining to production, distribution, wholesale trade, and marketing.
  • (Agricultural value chain) Producing and transferring the product from the farm to the consumer.
  • Activities related to livestock production and rural and craft activities.
  • Activities related to agricultural production, such as greenhouses.
  • Activities related to processing and manufacturing, such as soap production.
  • Rural household projects such as pickled vegetables, jams, and vinegar.
  • Purchasing small-size refrigerated transport vehicles for transporting agricultural products.
  • Projects that depend solely on running water and renewable groundwater.

Required documents:

  • A valid civil ID card
  • Title deed of property.
  • Economic feasibility study for the project.
  • A recent certificate of the company’s registration at the Ministry of Trade, Industry, and Supply and a valid professional license.
  • Projects funded by relevant entities will be visited for a review of all documents for project implementation monitoring purposes.

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    Customer Information

    First Name

    Father's Name

    Family Name

    National ID Number

    Phone

    Date of Birth

    Work Information

    Occupation

    Monthly Income

    Employer

    Years of Employment

    Day of Employment

    Financing Information

    Financing Type

    Financing Amount

    First Payment

    Monthly Financial Commitments

    Current Customer

    Extra income amount

    Preferred Branch

    Appropriate day/time to reach