“Jana” signs a partnership agreement with “Credit Bank”

The Center for Building Productive Families “Jana” (one of the initiatives of the Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation) and the Saudi Credit and Savings Bank signed a partnership agreement aimed at supporting, sponsoring and financing micro-enterprises, productive family projects, and handicrafts and craft industries in the Kingdom of Saudi Arabia. This agreement will contribute to financing the Saudi Credit Bank. Saving, lending and sponsorship (2124) basic projects as a minimum of the projects sponsored by the “Jana” Center, and the agreement is based on the bank allocating to finance the projects an amount amounting to thirty-six million riyals. The agreement signed between the two parties focuses on forming an integrated partnership to implement programs that achieve common goals, including the incubation program for entities sponsored by the Credit and Savings Bank to implement strategic plans and partnerships and the approved programs and models they contain to provide their development services to the target groups to own micro-enterprises, productive family projects, and industries. Handmade, craftsmanship and existing development. Mahmoud Al-Shami, Executive Director of the “Jana” Center, expressed his happiness with the signing of the agreement for both the “Jana Center” and the Saudi Credit and Savings Bank to achieve the goals of both parties in developing productive family projects, raising the level of production for women working in the center’s projects, and providing professional job opportunities for women in all regions of the Kingdom in which it operates. "reaped". He added that “Jana” has so far provided more than 24,000 job opportunities and is seeking during the current year to provide 9,500 self-employment opportunities for women in Al-Khobar, Dammam, Al-Ahsa, Al-Qassim, Hail, Jazan, Arar, and Al-Jawf, in addition to two branches that will be opened in the coming months. Al-Shami added that The agreement will empower women with production tools to achieve the overall goal of the project in empowering women in society economically and socially through the center’s branches throughout the Kingdom. He pointed out that the center’s collection rate from female beneficiaries reached 99%, and this is considered a percentage that exceeds expectations compared to similar projects inside and outside Saudi Arabia, which clearly enhances the success of commercial projects for female beneficiaries and the efficiency of the “Jana” Center in collecting loan installments from thousands of female clients in all the regions where it operates. By serving her. He stated that the number of employees at the center reached 113 employees, of which 90% are women, and the Saudization rate is 93%. At the end, Dr. Ibrahim bin Abdulaziz Al-Hunaishil, Director General of the Saudi Credit and Savings Bank, thanked the attendees and those in charge of the agreement. He also shed light on the bank’s efforts in the field of supporting productive families, and explained that the bank is currently witnessing a strong movement in all its work, whether in social loans or supporting productive families and projects. Micro, to achieve the bank's goals and aspirations.