Jordan Loan Guarantee Corporation (JLGC) established on May 17, 1994, as a public shareholding company initiated by the Central Bank of Jordan (CBJ). JLGC exemplifies a successful partnership between the public and private sectors. Its ownership structure consists of 45% held by the CBJ and 55% owned by Jordanian financial institutions and private investors.

The Corporation’s paid-up capital stands at JOD 29.1 million (USD 41 million), with total equity of JOD 43 million (USD 60.7 million) and total assets reaching JOD 775.7 million (USD 1.094 billion).

JLGC’s core mandate is to enhance financial inclusion and facilitate access to finance for micro, small, and medium-sized enterprises (MSMEs) throughout Jordan. 

 To achieve JLGC Mandate, the company manages two main programs:

1) Export Credit Guarantee Programs – supporting Jordanian exporters by offering insurance and guarantees against commercial and political risks.

2) Credit Guarantee Programs – providing risk mitigation tools to encourage financial institutions to lend to MSMEs.

 The Jordan Loan Guarantee Corporation (JLGC) was originally established in 1989 as a loan‐guarantee project with support from the U.S. Agency for International Development (USAID). At that time, the project was managed by the Industrial Development Bank of Jordan until September 1993.

On May 17, 1994, JLGC established by initiative from the Central Bank of Jordan (CBJ) with an initial paid-up capital of JOD 7 million. JLGC was founded with the objective of enhancing access to finance for micro, small, and medium-sized enterprises (MSMEs) in Jordan by mitigating credit risk and fostering private sector growth.

In 1997, JLGC Capital increased to JOD 10 million to support the launch of “Export Credit Insurance” program. The aim was to encourage Jordanian companies to export by protecting their export receivables against buyers’ nonpayment or delayed payment, as well as covering non‐commercial risks such as foreign‐exchange restrictions or government‐imposed trade bans in the event of conflict or political unrest. This program was designed to open new overseas markets for Jordanian exporters without relying exclusively on letters of credit or advance payments.

In 2016 JLGC’s Capital further increased to JOD 29.1 million, enhancing the company’s ability to offer larger guarantees and broader financial services. It’s ownership structure is divided into 45% shares owned by CBJ & 55% owned by financial institutions and private investors.

JLGC has acted as an enabler of financial inclusion, breaking down lending barriers for Jordanian MSMEs by offering financial institution (FI) guarantees that allow these enterprises to obtain loans at competitive interest rates. By serving as both an economic and social safety net absorbing a portion of lender risk, JLGC has empowered entrepreneurs, fostered job creation, and contributed to poverty reduction by helping small businesses expand their activities.

JLGC represents a successful story of the partnership between public and private sector. The company’s sustainable vision is to become the model credit-guarantee institution in the Middle East and North Africa (MENA) offering innovative, secure financing solutions to MSMEs and exporters that support the national economy and foster long-term, inclusive growth.

Today, JLGC is a leading institution in the MENA region, offering innovative financial solutions that empower entrepreneurs, support job creation and strengthen the national economy.