SME Facilities

Kafalat Loans


BCN partners with Kafalat to help ideas come to life. Small and medium enterprises can benefit from this loan to start their dream project or grow their existing business.

Features (As per the table for each product)

Kafalat Programs


  • Individuals and companies (existing or start-up) with less than 40 employees
  • Individuals and companies looking to finance agriculture, industry, tourism, crafts, innovation, and high-tech new projects or to expand present business in the said fields
  • Age: 21 years and above
  • Relevant technical skills with a minimum of two years of work experience in the same field
  • Clean judicial record

Documents Required

  • Copy of ID or passport, or extract of civil status
  • Proof of residence
  • List of real estate properties as per BCN’s template along with copies of title deeds and real estate certificates
  • Quittance letter from NSSF
  • Documents for liberal professions
  • Personal net worth statement as per BCN’s template
  • Bank statement of accounts for the past 12 months
  • Documents for guarantors same as borrower
  • A copy of ID
  • Extract of civil status of the guarantor(s)
  • Documents proving the place of work (lease or investment contract, copy of title deed, etc.)
  • Financial statements for the past 3 years audited (presented to the Ministry of Finance) if available
  • Company’s commercial circular
  • Company’s bylaws
  • Commercial register certificate
  • Extract of commercial register (recent)
  • Copy(ies) of minutes of most recent meeting(s) of General Assembly and Board of Directors (as and when applicable)
  • Licenses for business wherever applicable
  • CDR
  • Business plan along with feasibility study and cash-flow projections for the entire loan life
  • All relevant pro forma invoices for the items to be purchased Schedule of withdrawals
  • The Credit Committee has the right to ask for other documents on a case by case basis