Irbid's agricultural loan institution boosts 629 farmers

(Photo: Ameer Khalifeh/Jordan News)
AMMAN — The Director of the Agricultural Loan Institution in Irbid, Omar Bani Hamad, stated that the institution is among the state's most vital entities focused on social development, agricultural sector enhancement, and boosting rural family incomes.اضافة اعلان

Bani Hamad added on Monday that Irbid Governorate and its environs are predominantly agricultural. The institution has played a significant role in advancing this crucial sector and supporting farmers through loans to develop and upgrade their farming practices, ultimately improving the livelihoods of middle-income families dependent on agriculture, Al-Mamlaka TV reported.

He highlighted that in 2023, the institution disbursed a total of loans worth JD3,111,243, benefiting 629 farmers. These loans encompassed projects targeting poverty alleviation, tackling unemployment, rural financing, and empowering women, in collaboration with Zaha Center and the Rural Business Project (Mujatarat).

Regarding the current year, Bani Hamad explained that loans amounting to JD700,000. This includes loans for poverty and unemployment projects totaling JD300,500, as well as rural finance projects amounting to JD142,500, up to March 20.

In 2023, the institution successfully collected a total of 3,068,681 dinars from project loans, achieving a remarkable collection rate of 99%. Additionally, the institution's collections for this year up to March 20th reached 619,106 dinars.

Bani Hamad concluded by affirming that the Agricultural Loan Institution will remain steadfast in its support for the agricultural sector and farmers, actively contributing to the construction of a prosperous and advanced agricultural industry.

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