Khalifa Fund strikes SME-funding agreement with Finance House

Khalifa Fund strikes SME-funding agreement with Finance House

Khalifa Fund for Enterprise Development (KFED) has inked an agreement with Finance House, one of the UAE’s premier financial institutions specializing in investments and commercial financing solutions.

The partnership will facilitate access to financing services for small and medium-sized enterprises (SMEs) owned by UAE nationals and encourage entrepreneurship in the UAE. The agreement will also position Khalifa Fund and Finance House as significant contributors to Abu Dhabi’s SME Development Vision.

As per the agreement, the Credit Guarantee Scheme (KF-CGS) developed by Khalifa Fund in partnership with Finance House, will offer KFED members a wide range of financial incentives. These include a risk-sharing approach to lending which will encourage banks to lend directly to the SME sector, massively benefiting KFED members. The KF-CGS program will allow the SME sector the chance to borrow directly from banks at more affordable rates and for a longer duration, compared to borrowing without a guarantee.

Alia Abdulla Al Mazrouei

CEO – Khalifa Fund “We are committed to supporting entrepreneurs through a wide array of innovative solutions. Our collaboration with Finance House will facilitate SMEs’ access to financing options and will provide the UAE’s entrepreneurial ecosystem with a great resource in Finance House. This collaboration will play a pivotal role