FAO Digital Media Hub - JORDAN (date unknown). Enhancing rural banking services

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JORDAN (date unknown). Enhancing rural banking services

Date unknown. Al Ajurmih, Jordan.

Sheep farmer examining one of his sheep. He is a past beneficiary of two loans from the Agricultural Credit Corporation, which he used to buy livestock. The Technical Cooperation Programme of the Food and Agriculture Organization of the United Nations (FAO) is assisting the Agricultural Credit Corporation (ACC) in Jordan to enhance rural banking services.

Country or Territory Jordan

File size 486.50 KB

Unique ID UF1ZPS

FAO. Editorial use only. Photo credit must be given.

Background Information Assistance for Enhancing Rural Banking Services: TCP/JOR/8821. The Technical Cooperation Programme of the Food and Agriculture Organization of the United Nations (FAO) is assisting the Agriculture Credit Corporation (ACC) in Jordan to enhance rural banking services. The ACC, which is a government-owned and semi-autonomous institution, is the main source of agricultural credit in Jordan. It provides farmers with seasonal, short, medium and long term loans and extends its credit facilities to the farming sector through 20 branches located all over the country. Loans are given to farmers at a concessionary interest rate of 6 to 8% compared to the commercial rate of 13 to 15%.

Operations at the head office of ACC are computerized but the branches still work manually, which causes severe problems and inflates costs. Technical support will involve training, adaptation of the system into the Arabic language and pilot installations.