What is a global city in jordan9/24/2023 ![]() Development Finance Corporation committed a $50 million loan portfolio guaranty to help Vitas Jordan expand its lending and spark economic recovery. ![]() To address the credit crisis among micro-, small- and medium-sized enterprises in Jordan resulting from the economic aftershocks of the COVID-19 pandemic, in 2021 the U.S. By coupling loan guarantees with customized technical assistance for participating banks and non-bank financial institutions, the Jordan Loan Guaranty Facility also worked to strengthen the capacity of the Jordanian financial services sector to continue serving the credit needs of the small- and medium-sized enterprise market in a sustainable manner. To link entrepreneurs with the support they need, the USAID provided start-up and operational funding for the Jordan Loan Guaranty Facility, a $250 million facility backed by the U.S. Small- and medium-sized enterprises often face obstacles when seeking loans from traditional financial institutions.
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