​​​​​​​​​

Product Definition

The Awqaf & Non-Profit Sectors Product offers financial guarantees to support SMEs.

Targets Audience

MSMEs in the Awqaf & Non-Profit Sectors according to ISIC classification.

Maximum guarantee value​

 Up to a Maximum of 5 million riyals for Micro and Small Enterprises

 Up to a Maximum of 15 million riyals for Medium Enterprises

Maximum Coverage Ratio

The Program offers a funding guarantee of up 80% of the funding value.​

Benefit Steps

• The enterprise applies for financing to the financial entities cooperating with the Program directly, or to apply through the finance portal supervised by the SME Bank.
•  Request for funding and if the funding provider needs guarantees to cover the risks, it is transferred to the Program to study the request for Kafalah.
• Kafalah Program studies the request and if approved by the Program, Kafalah is issued in favor of the financier.