Productive families are a well-known concept in Saudi Arabia that enables family members to establish small businesses to generate revenue. They use their own skills to produce distinctive products for the market, such as crafts and homewares. They also sell their products at affordable prices. They help poor families earn a sustainable income and improve their quality of life. However, the challenge is that most of these families have limited resources.
The productive family program aims to support poor families by developing their capabilities and providing them with non-refundable financial support. It provides them with a range of services, including training and the opportunity to participate in exhibitions. It also helps them find sales outlets to boost their business. Moreover, it promotes their products by introducing them to potential customers through social media and exhibitions.
To be considered a productive family, an individual must meet several conditions. These include: nationality, age, and a document that proves they are able to carry out the funded activity. They must also have housing that is acceptable to the bank, and their monthly income must not exceed ten thousand riyals.
The productive family loan is a financing service offered by Social Development Bank, which helps individuals fund their projects. It is a great way to start a small business, but there are some things to keep in mind when applying. One of these is whether you need a guarantor to qualify. In this article, we’ll answer that question and discuss how to apply for a productive family loan. أسر منتجة