To support and sponsor microenterprises and productive families... the Social Development Bank is concluding a cooperation agreement with the leprosy

Wednesday-2017-05-17

The Bank for Social Development concluded a joint cooperation agreement with the Charitable Society for Social Services (Procurement and Project Support) on Thursday morning, 16/7/1438H at the Bank headquarters in Riyadh.

The Bank for Social Development concluded a joint cooperation agreement with the Charitable Society for Social Services (Procurement and Project Support) on Thursday morning, 16/7/1438H at the Bank headquarters in Riyadh.

The Convention was signed by the Bank, His Excellency the Director-General, Dr. Abdullah Bin Abdulrahman Al-Namla, and by the Charitable Society for Social Services was represented by the Director-General of the Assembly and Secretary-General Dr. Abdullah Bin Awad al-Thabiti.

The Bank for Social Development, among those agreements it has concluded, seeks to support, sponsor and finance micro-enterprises, producer families and artisanal and artisanal industries in the Kingdom, and given the specificity and commercial nature of these enterprises, the social and economic environment of their owners and the support, financing and welfare services they need, has ensured partnerships with charitable associations that serve as an intermediary for their comprehensive and accurate database, as well as well as a philantologist and support for local enterprises.

The Bank for Social Development has allocated a funding portfolio under this Convention (4,000.000 rials), for lending and sponsorship (236), a minimum basic project and for the proceeds of loans to the Convention ' s target, which has been agreed to be a good product.