Ebdaa Boosts Back-to-School Projects with Launch of ‘School Loan’

Ebdaa Microfinance Company has launched its new “School Loans” initiative, strategically timed with the start of the school year. This financing option is tailored specifically for small business owners, including those operating libraries, stationery shops, clothing stores, and outlets selling school supplies. The goal is to provide these retailers with the financial liquidity needed to stock their stores and increase their sales during the back-to-school season, thereby boosting their commercial activity.

The company highlighted that the loan offers simple procedures and flexibility, requiring no complex guarantees. It also covers the added tax and executive bond fees for its clients. The Loan amounts range from BD100 to 900, with repayment terms extending up to 14 months, underscoring Ebdaa’s commitment to supporting low-income individuals and micro-enterprises across the Kingdom of Bahrain.

“The ‘School Loan’ offers a unique opportunity for entrepreneurs, productive families, and housewives to capitalize on the back-to-school season by establishing temporary ventures in manufacturing or trading clothes, bags, and school supplies. This initiative provides the essential liquidity needed to ensure the success of these projects,” stated Dr. Khaled Al-Ghazzawi, CEO of Ebdaa Microfinance Company.

Dr. Al-Ghazzawi explained that the ‘School Loan’ is one of the seasonal financing options provided by Ebdaa Company, characterized by its flexible and straightforward procedures. Eligibility requirements include being between the ages of 21 and 65, having a stable and continuous source of income, and ensuring the loan is invested in productive and income-generating activities.

Dr. Al-Ghazzawi added, “The launch of the ‘School Loan’ is in line with the company’s overarching strategy to cultivate entrepreneurial spirit, bolster the local economy, and widen the reach of beneficiaries through accessible financing solutions. This initiative highlights Ebdaa’s dedication to enhancing the living standards of its target groups while contributing to the advancement of Bahrain’s Economic Vision 2030.”

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