Daeem
Loan

A development financing product in a strategic partnership between the Ministry of Human Resources and Social Development and the Social Development Bank; It aims to motivate associations, civil institutions and social development committees towards financial sustainability.

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  1. Financing up to 10 million riyals
  2. The repayment period is up to 7 years
  3. Grace period up to 18 months
  4. Flexibility in the payment mechanism

  • The entity requesting funding must be registered with the Ministry of Human Resources and Social Development
  • At least two years must have passed since the registration of the entity
  • To have a qualified board of directors
  • To have a headquarters in the geographical area in which it provides its services
  • To be committed to providing all financing requirements required by the producer

  • A valid license from the relevant authority.
  • The decision of the beneficiary’s board of directors approving the establishment of the required project.
  • A copy of the minutes of the General Assembly meeting authorizing the Board of Directors to invest.
  • The approval of the entity’s board of directors to obtain financing from the bank.
  • An acknowledgment to provide the self-contribution and the guarantees required by the producer.
  • The approved financial statements for the last two years.
  • Title deed / lease contract for the land on which the project will be built

  • The entity should have an audited budget for the last two years.
  • The credit record of the entity should be free of financial stumbling blocks and that the governance index should be passed
  • Acceptance of the entity's financial indicators based on the bank's internal policy
Apply
Target Audience
Community associations
Institutions
Beneficiaries
New
Service Fees
Nominal Fees
Response Time:
24/7
Submission channels:
 
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Submission language:
Arabic
User's guide:
 User's Guide
Service application start date
    2019  114-200.png          
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Internal Strategic Engagement

 

The "Daeem” product is linked to one of the bank’s strategic goals: Developing and strengthening the microfinance system.

...
International strategic link

The product intersects with the first, second and seventeenth goals of sustainable development.​

Product Features

Funding Ceiling
Up to 10M SAR

Loan Duration
Up to 7 years

Payment Method
Flexible

Administrative Fees
Nominal Fees


Grace Period
18 Months

Customer Journey

Submit Application

Eligibility Check

Processing

Deposit

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Do you have any inquiries? 

If you have any questions regarding the Daeem Loan, please see the Frequently Asked Questions.

FAQ Contact Us
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