The Saudi Credit and Savings Bank (SCSB) recently signed nine financing contracts for entrepreneurial projects in the path of excellence for more than 15 million riyals, as part of the bank's support, financing and care for small and emerging projects within the “Masarat” program, at the Bank's General Administration Headquarters.
This came during an introductory program prepared by the bank for entrepreneurs who own small and emerging projects, where the entrepreneurs listened to a thorough explanation from each department about the most important aspects that need to be taken into account in all stages of the project life, then each department answered the questions of customers and provided them with their numbers and emails to guide and advise them.
On the impressions of the entrepreneurs, the owner of the project of a medical clinic complex in the city of Al-Kharj, Dr. Issa Al-Khuthaimi, said that his specialization in the medical field is what prompted him to apply to the Credit Bank for support and his desire to provide a high-end medical service to his community, thanking the bank for the excellent services it provides to entrepreneurs and owners of small and emerging projects.
Mana Al Mansour, owner of a factory for cement products in Najran, pointed out that the reason for his choice of this project is the region's need for such projects and the lack of similar factories in Najran region, indicating that he seeks to make his project successful and develop it and add production lines that help meet the needs of the region.
For his part, the official spokesman of the Saudi Credit and Savings Bank, Ahmed Al-Jabreen, explained that the total amount of contracts signed amounted to 15,579,254 riyals, benefiting nine entrepreneurs in a number of regions of the Kingdom (Riyadh, Makkah, Najran, Al-Kharj, Afif, Jeddah, Harimla, and Al-Jouf), bringing the total amount signed since the beginning of the current Hijri year 1435 AH until now (105) projects with a value of 161. 161,447 riyals.161,447 riyals, after they passed the credit stage examination and fulfilled all the requirements required for financing and completed the personal interviews.
He added that the bank is keen to support young people who have the determination and seriousness in practicing self-employment, stressing that the bank is keen to discover the entrepreneurial traits of applicants and the extent of their compatibility with their project ideas through personal interviews, which reduces the rate of project failure or failure.
