Finance
Brokers

Financing portfolios starting from 2 million and up to 20 million riyals, provided through the Social Development Bank to the targeted parties, with the aim of financing projects for productive families

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1- The entity and its affiliated branches must have a valid official license from the licensing government agencies
2- To have an approved organizational structure and declared regulations, with no financial stumbling blocks.
3- To have an integrated headquarters in the geographical area in which it provides its services.
4- That one of its objectives or activities be to provide services for the development of microfinance projects and economic empowerment.
5- It should have a clear documented program and an integrated work mechanism with a clear methodology.
6- To include a qualified administrative and technical staff appropriate to the size and nature of the services it will provide to the beneficiary.

  • A copy of the official license
  • A copy of the ownership deed or lease contract for the entity's headquarters
  • The organizational structure of the entity and the regulations governing its work and clarifying the services it provides
  • CVs of the technical and administrative staff in charge of providing microfinance project development services
  • A report on the achievements for the last two years, including the funded projects, their types, the value of the loan and the repayment movement, if any
  • Certified financial statements for the last two years

Yes
Apply
Target Audience
Charitable societies, cooperative societies, civil institutions, social development committees, chambers of commerce, and supporting entities approved by the Bank to manage financing portfolios for productive families projects.
Beneficiaries
188
Service Fees
Free
Response Time:
24/7
Submission channels:
 
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Submission language:
Arabic
User's guide:
Updating
Service application start date
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Internal Strategic Engagement

 

Developing and strengthening the microfinance system.

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International strategic link

The "Finance Brokers" product intersects with the first, second and seventeenth goals of the sustainable development goals.

Product Features

Funding Ceiling

Up to 20 Million

Payment Duration
Up to 6 years

Payment Method

Financing portfolio is paid to the bank

Operating Rate

Up to 15% of the value of the financing portfolio

Trainings
Qualifying and training the finance broker to manage the loan portfolio

Customer Journey

Submit Application

Eligibility Check

Processing

Deposit

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Do you have any inquiries? 

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

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3.2 (From 3634 Ratings)
 
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