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.
Rural Economic Growth and Employment Project (REGEP) Support Program
Features:
- Competitive fixed Murabaha rate of 4.9%.
- Exemption from the 1% grant commission.
- Financing up to 50,000 JD per client.
- Repayment period of up to 8 years.
- A grace period of up to 12 months.
- Financing of up to 90%.
- 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.
