Ajloun, Aug. 12 (Petra) — The Agricultural Credit Corporation’s
(ACC) Ajloun branch has provided JD1.25 million in loans to farmers
since the beginning of the year, while loan collections totaled
around JD1 million over the same period.

Branch Director Bashar Nawafleh told the Jordan News Agency (Petra)
Wednesday that the financing is directed toward a broad range of
agricultural and rural activities, including food processing, land
reclamation and development, solar energy projects and modern
water-saving irrigation technologies.

The lending programs also support rural households and women’s
economic empowerment while seeking to generate employment and
alleviate poverty and unemployment in rural communities.

Nawafleh said the ACC provides concessional financing across the
agricultural value chain, from purchasing land and agricultural
machinery to livestock and poultry production and the processing of
agricultural products.

Specialized loan programs are also available to women and young
people in rural areas to finance income-generating projects and
create sustainable employment opportunities.

The corporation is also financing agricultural projects that adopt
modern technologies to raise productivity, improve product quality
and strengthen the competitiveness of Jordanian agricultural
products, while providing small loans in rural areas to support
livelihoods and employment.

Financing extends to agricultural infrastructure, including
irrigation networks and water desalination facilities, as well as
climate adaptation projects such as water-efficient technologies and
protected agriculture, Nawafleh said.

He added that the corporation provides farmers with technical and
advisory support and cooperates with public- and private-sector
entities on projects aimed at advancing sustainable agricultural
development and strengthening food security.

The ACC is currently extending loans through a dedicated portfolio
targeting young people and applicants unable to provide sufficient
collateral, in an effort to broaden access to agricultural financing,
Nawafleh added.

//Petra// RZ