The Social Development Bank in Bisha Governorate delivers 14 entrepreneurs their vehicles as part of self-employment support

As part of the efforts led by the Social Development Bank to stimulate the practice of self-employment for citizens who are able to work to create job opportunities for citizens to increase their incomes, today, Monday, Dhu al-Hijjah 27, 1441 AH, corresponding to August 17, 2020 AD, the Social Development Bank, Bisha Branch, handed over 14 entrepreneurs with their vehicles with a financial value of 1,315,176 riyals, In the presence of the Governor of Bisha Governorate, Mr. Muhammad bin Saeed bin Sabra, and a number of officials from government agencies in the governorate.

In this regard, the director of the bank’s branch in Bisha Governorate, Mr. Muhammad Al Juman, said that based on the bank’s role in enhancing the financial independence of individuals through a package of financing products that would contribute to empowering citizens, Nafath product was launched earlier as the first product. A specialized financing provider for financing self-employment, indicating that this product targets the unemployed or those with salaries less than 14 thousand riyals, who wish to engage in self-employment to increase income.
Al Juman stated that, in the presence of the Governor of Bisha Governorate and a number of officials from government agencies in the governorate, a new batch was delivered today to the delivery applications track, where 14 entrepreneurs were funded with a financial value exceeding one million and three hundred thousand riyals, indicating that the transportation applications track will provide young men and women with an appropriate income that will lead them to independence. financial and increase their incomes.
The bank had previously announced the launch of the “Nafath” product as the first specialized financing product for financing self-employment within the bank’s recently announced initiatives, with a financing amount of up to 150 thousand riyals, targeting financing citizens who practice self-employment and those with specialized crafts and skills, as 3,500 entrepreneurs have been funded with a total value exceeding 300 million riyals since the launch of the free lifetime financing product, early 2020.
It is worth noting that the bank is the largest and most widely accessible financing gateway for individuals, emerging and small enterprises, through a number of products and services that it provides, and more than 3 million male and female citizens have benefited from it since the bank was established in the year 1391 AH, as the volume of support and financing exceeded 107 billion riyals, and those wishing to benefit from the products For the bank’s services, visit the website http://www.sdb.gov.sa/