Ajloun: DEF Fund Injects JD 1.34 Million Into Local Projects

2025-09-24 05:07:08

(MENAFN- Jordan News Agency)

Ajloun, Sept. 24 (Petra) -- The Development and Employment Fund (DEF) has pumped JD 1.34 million into local projects in Ajloun since the start of the year, financing 90 initiatives and helping generate 193 job opportunities across the governorate.
DEF Branch Director Issa Awawdeh said the financing program aims to curb poverty and unemployment while encouraging youth to embrace self-employment and entrepreneurship.
"The Fund focuses on small and medium-sized enterprises (SMEs)," Awawdeh explained, noting that these ventures receive preferential financing terms because of their impact on improving living standards and strengthening community resilience.
He highlighted the Fund's emphasis on productive and economically viable projects, which help foster a culture of innovation among young people and reduce reliance on traditional job markets.
According to Awawdeh, applicants must be between 18 and 65 years old, and projects must be registered as sole proprietorships with the Ministry of Industry, Trade, and Supply. In addition, both projects and workers must be enrolled in the Social Security Corporation before the final installment of the loan is released.

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