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  Home » Retail » Enterprise Financing in Association with Tamkeen  
 
 

ICT Finance Scheme In Association With Tamkeen

     

The ICT Finance scheme is an initiative of Tamkeen that is designed in association with BisB as a part of the SME Finance Scheme.

The objective of the scheme is to offer accessible financing for eligible enterprises for the purpose of investing in developing their Information Communication Technology (ICT) solutions, which ultimately aims to enhance the efficiency and productivity of the enterprise.

 
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What are the beneficiaries of the ICT Finance scheme?  
  • Minimum finance amount of BD3,000 and maximum finance amount of BD50,000
  • Minimum tenor of 1 year and maximum of 5 years
  • Profit rate of 8% reducing
 
   
What are the eligibility criteria for obtaining Enterprise Financing?  
Any enterprise should comply with the following to be considered eligible for the ICT finance scheme:
  • Minimum CR experience required is 1 year
  • The Enterprise should be active and established in the Kingdom of Bahrain
  • The Enterprise and its owners should have a clean credit history
  • The Enterprise and its owners shall not be on CBB’s abuser list and should not have more than two returned check history in the past 6 months
  • The Enterprise should comply with LMRA Bahrainization requirements and compliant in LMRA fees payment
  • The Enterprise should have acceptable turnover and financial ratios to the bank
  • The entrepreneur to be less than 65 years of age at the maturity of the required finance
  
   
What are the documents required to obtain Enterprise Financing?  
  • 2 Valid IDs of owners (e.g. Passport and Smart card both sides)
  • Latest LMRA fees payment receipt
  • Latest LMRA Bahrainization report
  • Copy of CR (CR experience should be at least 1 year old)
  • 1 year Bank Statement
  • Article and Memorandam of Association
  • Board Resolution
  • A copy of electricity bill for the last 6 months (continously)
  • Company Profile (background, product/services, major clients, contracts, etc)
  • Last 2-3 years Audit Financials (only for application above BD 30,000)

  
   

 
 
   
   
       
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