To support and sponsor micro-projects and productive families... The Social Development Bank concludes a cooperation agreement with El-Jem

The Social Development Bank concluded a joint cooperation agreement with the Charitable Society for Social Services (Business Incubator and Project Support) on Thursday morning, corresponding to 7/16/1438 AH, at the bank’s main headquarters in Riyadh.

The Social Development Bank concluded a joint cooperation agreement with the Charitable Society for Social Services (Business Incubator and Project Support) on Thursday morning, corresponding to 7/16/1438 AH, at the bank’s main headquarters in Riyadh.

The agreement was signed on the part of the bank by His Excellency the Director General, Dr. Abdullah bin Abdul Rahman Al Namlah, while on the part of the Charitable Society for Social Services, it was represented by the Director General of the Society and the Secretary General, Dr. Abdul Bari bin Awad Al Thubaiti.

The Social Development Bank is keen, through the agreements it has concluded, to support, sponsor and finance micro-enterprises, productive family projects, and handicrafts and craft industries in the Kingdom, and given the specificity of these projects, their commercial nature, the social and economic environment of their owners, and the support, financing and care services they need, The bank was keen to establish partnerships with charitable organizations that act as intermediaries due to its comprehensive and accurate database, in addition to the Charitable Society for Social Services (Business Incubator and Project Support) has development programs, and is considered one of the local experiences that can be developed and to consolidate the culture of self-employment and self-reliance. In providing self-employment opportunities by providing multiple services, including micro-lending and care.

The Social Development Bank has allocated a financing portfolio under this agreement (4,000,000) riyals, to lend and sponsor (236) basic projects as a minimum, and what is achieved from the proceeds of the revolving loans to those targeted in the agreement, and it has been agreed to call it “product.” "Good" .