Initiative to Enable Small Business Financing Agreement in Nineveh
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The Central Bank of Iraq announced on Tuesday the approval of the initiative of Tamkeen on financing small projects in the province of Nineveh without interest, indicating that this comes in order to reduce the unemployment rate and promote the reality of economic and service conservation.
"The Board of Directors of the initiative of Tamkeen, sponsored by the Central Bank of Iraq, financed by banks and exchange companies, under the supervision of the Association of Iraqi private banks, agreed to finance the Iraqi company to finance small and medium enterprises for the purpose of providing loans to young people In Nineveh province. "
The bank added that "this comes in support of this important segment, where the amounts of loans will be up to five million dinars and without interest to support small projects, in order to reduce the unemployment rate and the advancement of economic and service conservation . "