Last Modified 21 July 2024
The Social Development Bank provides financing amounting to 1.2 billion riyals, from which 85 thousand productive families have benefited
The Social Development Bank provided support and financing to an important and vital sector that represents a large segment of micro-businesses, which included a number of financial and non-financial services, for productive family projects in all various regions of the Kingdom, and in mid-2020 AD the number of productive families benefiting reached 85 thousand productive families worth A total of 1.2 billion riyals was provided through development associations and microfinance partners in all regions of the Kingdom, including providing soft loans commensurate with the stages of growth of family activities, capacity building and training, in addition to introducing products to markets, business incubators, and others.
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