Operational
Cycle

A product that provides financing to cooperative societies registered with the Ministry of Human Resources and Social Development in activities and areas that society needs. The funding aims to promote new cooperative areas to improve the economic and social condition of members of associations

Apply

  1. The financing ceiling is up to 500 thousand riyals
  2. Financing period up to 18 months
  3. Competitive fees

  • A valid license from the Ministry of Human Resources and Social Development/The National Center for the Development of the Non-Profit Sector.
  • Approval of the entity’s board of directors for financing
  • The entity should have an audited budget for the last two years.
  • The financial and credit position of the entity should allow it to obtain financing.
  • An existing business that requires operating cycle financing.

  • A valid license from the Ministry of Human Resources and Social Development/The National Center for the Development of the Non-Profit Sector.
  • The basic regulations of the association.
  • Funding request letter.
  • Governance score report.
  • The decision to appoint the current board of directors.
  • Financial statements for the last two years audited.
  • Any other documents required by the bank.

Yes, an administrative fee of 1% of the financing amount and no annual fees
Apply
Target Audience
Associations and civil society
Social development committees
Cooperative societies
Beneficiaries
New
Service Fees
Administrative fee of 1% of the financing amount
Response Time:
24/7
Submission channels:
 
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Submission language:
Arabic
User's guide:
 User's Guide
Service application start date
    2023  114-200.png          
...
Internal Strategic Engagement

 

The product "Operation Cycle Product" is associated with one of the Bank's strategic objectives: 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 500K SAR

Loan Duration
Up to 18 months

Payment Method
Monthly, quarterly, semi-annual, yearly, last term

Administrative Fees
Administrative fee of 1% of the financing amount


Grace Period
-

Customer Journey

Submit Application

Eligibility Check

Processing

Deposit

...
Do you have any inquiries? 

If you have any questions regarding the Operational Cyrcle Product, please see the Frequently Asked Questions.

FAQ Contact Us
...
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Comments

التقييم العام لمحتوى الموقع

Result

3.2 (From 3634 Ratings)
 
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