The National Fund for SME Development (SME Fund)

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In April 2013, the Government has enacted law number 98 of 2013 to establish a National Fund for SME Development (the “SME Fund”). The law is intended to help the country make a major stride in the efforts to support the youth, combat unemployment, and enable the private sector to drive economic growth. As an independent public corporation, with a total capital of KD 2 billion, the SME Fund will finance up to 80 percent of capital for feasible small and medium projects submitted by Kuwaiti nationals. The law defines eligible SMEs as enterprises that employ 1 to 50 Kuwaiti workers, with financing requirements that do not exceed KD 500 thousands.


Estimated Deployed Capital

$200K

Development Stage

N/A

Location

Kuwait City, Kuwait

Branches

N/A

Investor Type

Government Initiative

Ticket Size

N/A

Geographical Focus

N/A

Industry Focus

N/A


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