Qatar Development Bank (QDB) announced the launch of a version of the "Al Dhameen" programme for micro-enterprises, for the first time in the country.
The Acting CEO of Qatar Development Bank Abdulrahman Hesham al-Sowaidi, said that the launch of Al Dhameen programme for micro-enterprises aims to strengthen the position of these companies and open new horizons for them.
He added that the programme will contribute to the development of the national business system in terms of access to financing, and will also provide new financial channels for guarantees for micro-enterprises in co-operation with partner financial institutions.
He also stressed that Al Dhameen programme has achieved great successes 10 years since its launch, enabling more than 350 small and medium companies to obtain guarantees worth more than QR1bn, and that the updates witnessed by the programme came to develop its conditions in line with the ambitions of entrepreneurs.
Al Dhameen programme for micro-enterprises is characterised by a profit rate and distinct conditions, the most important of which are: Guaranteeing 100% of the value of the financing, and enabling micro-enterprises to create their own credit history without requiring a contribution percentage from entrepreneurs.
QDB announced, in a statement, the introduction of updates to "Al Dhameen" programme for small and medium-sized companies (a programme that encourages partner banks to finance projects), with the aim of attracting promising start-ups and small and medium-sized companies seeking financing to develop their businesses.
The statement stated that these updates came based on reviews that included entrepreneurs and partner banks, and after reviewing the best international practices to identify aspects of development in the interest of both parties, facilitating the speed and clarity of procedures and improving the terms of guarantees.
The Acting CEO of Qatar Development Bank Abdulrahman Hesham al-Sowaidi, said that the launch of Al Dhameen programme for micro-enterprises aims to strengthen the position of these companies and open new horizons for them.
He added that the programme will contribute to the development of the national business system in terms of access to financing, and will also provide new financial channels for guarantees for micro-enterprises in co-operation with partner financial institutions.
He also stressed that Al Dhameen programme has achieved great successes 10 years since its launch, enabling more than 350 small and medium companies to obtain guarantees worth more than QR1bn, and that the updates witnessed by the programme came to develop its conditions in line with the ambitions of entrepreneurs.
Al Dhameen programme for micro-enterprises is characterised by a profit rate and distinct conditions, the most important of which are: Guaranteeing 100% of the value of the financing, and enabling micro-enterprises to create their own credit history without requiring a contribution percentage from entrepreneurs.
QDB announced, in a statement, the introduction of updates to "Al Dhameen" programme for small and medium-sized companies (a programme that encourages partner banks to finance projects), with the aim of attracting promising start-ups and small and medium-sized companies seeking financing to develop their businesses.
The statement stated that these updates came based on reviews that included entrepreneurs and partner banks, and after reviewing the best international practices to identify aspects of development in the interest of both parties, facilitating the speed and clarity of procedures and improving the terms of guarantees.