ASHANAK LOAN

Due to the multiplicity of the beneficiaries’ needs, and to be able to continue meeting and serving them, we designed “Ashanak” loan for you, to enable beneficiaries who received financing or new people with project ideas who would wish to receive financing to benefit from a certain amount to establish or start a project and can benefit from the loan to cover the needs of the beneficiaries in order to improve their livelihood.

Background

Loan Features

  • Loan amount: 400 to 2,000 JODs
  • Loan term: 4 to 24 months
  • Monthly “interest” ratio: 1.5% – 1.75% according to the beneficiary’s cycle
  • Yearly “interest” ratio: 18% – 21% according to the beneficiary’s cycle.
  • Other features:
    • Beneficiaries are eligible for the Afiyatuna Microinsurance Program
    • Subscription to the “Tatbiq Tibbi” service
  • Company’s terms and conditions apply

Illustrative Example

Amount

1500

JOD

Number of Months

12

Months

Interest

1.5% reducing

–

Monthly Installment

149.4

JOD