Sahem Loan

Social Development Bank

An electronic service for applying to the Sahem Loan product, a financing solution tailored to support cooperative societies seeking to improve the economic and social conditions of their members through profitable activities.

Service Level Agreement

Start the service

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Log in using the association’s account
From the association financing page, enter the association and registration data
After creating an account, click on Home and submit a new application
View the conditions and approval, then choose the branch and agree
Fill in the association’s data and the available data will be retrieved with certainty
On the application registration page, the project description data is filled out
On the application registration page, the association’s information and financial statements are filled out Then save the request
Upload the required documents and then click on the Save icon
If the documents are complete, click on the Approval All Files icon

The entity requesting funding must be registered with the Ministry of Human Resources and Social Development
The entity shall have a qualified and independent Board of Directors
To have a headquarters in the geographical area in which it provides its services
To be committed to providing all financing requirements required by the program
The project to be funded should be within the objectives and activities of the association specified in its approved bylaws

A valid license from the Ministry of Human Resources and Social Development
The decision of the beneficiary's board of directors approving the establishment of the required project
An acknowledgment of providing the self-contribution and guarantees required by the program
Attach a copy of the minutes of the General Assembly meeting to authorize the Board of Directors to invest
The decision to appoint members of the current board of directors
Approved financial statements for the last two years (if any)
A copy of the basic regulations of the entity, which must provide for the possibility of borrowing and mortgage
An economic feasibility study for the project
Title deed / lease contract for the land on which the project will be built
Any additional financial documents/data required by the program

Private Sector , Non-profit organizations

Target Audience

20 Working Days

Service Duration

Website Portal

Service Delivery Channels

Arabic

Service Offered In Language

Service Cost

Payment Channels

FAQ's

Phone

920008002

[email protected]

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