Jordan Loan Guarantee Corp.
Last updated on 20 Feb 2024
Key facts
Public shareholding company majority owned by the Central Bank of Jordan providing guarantees in support of Jordanian exports.
Prince Shaker Bin Zaid Street, Bldg. No. 2
Al Shmisani
P.O. Box 830703
Amman 11183
Jordan
+962 6 5625400
www.jlgc.com
Al Shmisani
P.O. Box 830703
Amman 11183
Jordan
+962 6 5625400
www.jlgc.com
PUBLIC
1994
Credit rating (sovereign) (Fitch)
BB-
BB-
Foreign currency
Local currency
Authorizations and exposure
FY 2022 authorizations
Fertilizers
72%
Food
21%
Other
2%
Textile and clothing
1%
Chemicals
1%
FY 2022 exposure
Financing modalities
`
70%–90%
Products
- Insurance against the risk of non-payment by buyer for the goods and commercial and non-commercial risks.
- Amount: Maximum shipment amount of USD 26 million
- Cover: Up to 90% of shipment amount
- Tenor:
- Export credit: Up to 6 months
- Domestic credit: Up to 4 months
- Sub-products:
- SMEs loan guarantee: For SMEs in business less than 3 years; up to JOD 250,000; tenor up to 6 years, guarantee up to 85%
- Startups guarantee program: Up to JOD 100,000; tenor up to 5 years; guarantee amount 85%
- Micro-loan guarantee: Up to JOD 15,000; 3-year tenor; guarantee up to 70%
- Industrial loan guarantee and leasing guarantee: Up to JOD 555,000; 8-year tenor; cover up to 70%
- Kafala program finances fixed assets or working capital: Up to JOD 555,000; 8-year tenor; cover up to 85%
- Program guarantees loans granted by Islamic financial institutions
- Fees are paid directly from debit
- Renewable energy program: Up to JOD 350,000; 30 to 60-month tenor; cover up to 70%
- Microfinance loan guarantee program (Corona): 85% cover plus interest for 6 months
- Housing loan program: Up to JOD 75,000; 25-year loan tenor; cover up to 75%
- Industrial and services finance guarantee program: Up to JOD 3 million; 3 to 8 year tenor, 70%-80% cover
- Domestic sales guarantee program: Up to USD 4 million shipment, 6-month tenor, 80% cover
Policies
- Corporate responsibility
- All products are available to all sectors of Jordanian SMEs