Give agricultural loans from agricultural credit corporation : Hashemite Kingdom Jordan
Name of the Organization : Hashemite Kingdom
Type of Facility : Give agricultural loans from the agricultural credit corporation
Country : Jordan
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Give agricultural loans from the agricultural credit corporation :
Loans types and purposes that are issued by the corporation :
** Seasonal loans : not exceeding one year time, and given to fund the following:
** Lands preparation for seasonal planting
Related : Hashemite Kingdom Jordan Applying for a Work Permit : www.statusin.org/5352.html
** Corp service.
** Buying animal and plant production supplies.
** Fattening sheep and calves.
** Buying chicks reared for meant.
** Any other seasonal expenses.
Short term loans :
can exceed one year time and not exceeding two years of time, whereas it’s given to fund checks reared for eggs and its fodder.
Medium term loans : can exceed two years of time and not exceeding ten years of time, and given to fund the following:
** Buying agricultural machinery and tools.
** Constructing fruits orchards in the irrigated areas.
** Constructing livestock breeding farms.
** Digging Artesian wells and constructing irritation channels and water tanks.
** Constructing rural and agricultural buildings.
** Greenhouses.
** Constructing irritation networks and its extensions.
** Buying lands for small scale farmers.
Long term loans : can exceed ten years of time and not exceeding fifteen years of time, whereas it’s given to:
** Fund group irritation projects.
** Agricultural industries projects.
** Soil preservation and reform projects.
** Planting fruitful trees in rain-fed areas.
Granting of a loan conditions :
** The loan is given to any Jordanian adult citizen (18 years of age) and wants to work in the agricultural sector, also given to groups of farmers, agricultural cooperative communities or public limited agricultural companies.
** It’s stipulated that the loan applier should be the owner of the agricultural land, an Alienator of the land according to an official active legal authorization or have rented the agricultural land according to an official as appropriate endorsed active rental contract, whereas the rental contract period shouldn’t be less than the loan term
** Loan applier can ask questions by phone or by getting back to the specialized branch in his area, about any issues related to granting the loan from the corporation.
** The loan applier should bring a personal identification (civil status identification card), the land registration bond that he wishes to construct the project on and the land scheme, in addition to other documents that might be requested later on by the specialized branch, and this according to the nature and proposes of each project.
Loan interest prices : Loan interest prices are ranging from 6.5% to 9% whereas it’s according on the loan size, its time term and its investment proposes, except for the loans that exceeds (40) thousands JOD whereas its interest prices are decided by the corporation board of directors.