Home Government Entities Ministries

The Directorate of Follow-up, Collection, Legal Affairs and Full Repayment

Estimated Time: 
(90) minutes.
Location: 
    
	
  • The Fund’s headquarters in Amman - Directorate of follow-up, collection or the legal department for procedures (1-10); and
    • 
	
  • Branches of the Fund in the various governorates for procedures (1-6).
    •
Estimated Fee: 

None

1
  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Conditions for obtaining service

First: General conditions and criteria related to the borrower:

  1. The applicant must be Jordanian.
  2. To be unemployed and owns no enterprises.
  3. Has appropriate academic and practical qualification.
  4. The borrower shall not be less than (18) years of age and not more than (60) years.

                                                                                                         

Second: General conditions and criteria related to the project to be financed:

  1. The project should be productive and economically feasible in the following fields: (industry, crafts, services, commercial, tourism, agricultural industry).
  2. The project must be income-generating and labor-intensive for Jordanians.

Notes

None

Partner institutions:

•  Departments and institutions where the sponsor / sponsors work.

 •  Productivity Enhancement Centers (IRADA) if the amount of funding exceeds JD 7,000.

 •  The Department of Land and Survey in case of mortgaging the property as collateral.

 •  Social Security Corporation.

 •  Ministry of Industry, Trade and Supply or its directorates in the governorates.

 •  Greater Amman Municipality, other municipalities.

 • Commercial banks.

Procedures

  1. Remind borrowers and sponsors of payments accrual dates (3 minutes).
  2. Inquire about the financial status of the loan, payments and accruals, etc., whether by telephone or in person (5 minutes).
  3. Issue “Inhibition of arrest” letters to the governors upon correction of the loan financial situation (10 minutes).
  4. Issue letters to cease transfer of sponsors’ salaries upon correction of the loan financial situation (10 minutes).
  5. Grant the necessary letters and official statements required by borrowers and their sponsors; as per the need (10 minutes).
  6. Negotiate and discuss with borrowers and sponsors to find solutions to correct their financial situation,help and guide them to take the necessary actions.
  7. Perform full repayment transactions for loans, grant the borrower and/or sponsor quittance letters, hand over the insurance checks made to guarantee the loan (15 minutes).
  8. Conduct settlements and rescheduling of loans (15 minutes).
  9. Any matters related to reservation and mortgages (15 minutes).
  10. Field visits to the project site to view the progress of the project and provide technical advice.

Required Documents

None

Persons benefiting from the service

Borrowers and the sponsors.

Files

No Found Files

Related Services

  • Refund the excess premiums
  • Quittance for a paid-off loan
  • Quittance for a paid-off loan or via branches
  • Receiving loan applications by citizens
  • Quittance for a paid-off loan or via headquarters
  • Financing charities and cooperatives
  • Issuance of account statement
  • Accessing the loans committees decision and completion of the loan procedures
  • Financing transportation means
  • Obtaining a new loan
  • Obtaining a loan for Entrepreneurial projects
  • Obtaining a loan for an existing project or development
  • Changing loans guarantees or replacing a personal guarantor
  • Changing a loan collateral Replacement of current sponsor with anew sponsor
  • Changing a loan collateral Replacement of mortgaged land or real estate property
  • Visiting the project site for evaluation
  • Visiting the project site to disburse the second installment
  • Training of targeted groups for employment in small enterprises
  • Signing the Agreement
  • Settlement of the loan over the same tenure with increased installments
  • Rescheduling the loan by extending the tenure
  • Other Financial Services
  • Handing over checks to suppliers
  • Financing unemployed youth
  • Establishing a loan file
  • Financing projects of poverty pockets residents
  • Financing people with disabilities
  • Financing college tuition

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