Kuwait Finance House (KFH) encourages initiatives of ambitious Kuwaiti youth to run and grow their own businesses. KFH’s credit facilities and the advisory role it assumes seek to spur the growth of small and medium enterprises SMEs which serves in diversifying income resources and achieving comprehensive development.
Executive Manager Business Banking at Kuwait Finance House (KFH) Manaf Al-Menaifi indicated in a seminar organized by Manpower and Government Restructuring Program titled “Small Business and Financing Sources” on the sideline of the (1000 Projects Exhibition) held at Kuwait Fairgrounds that KFH strives to empower small and medium companies to reach unprecedented levels of growth in line with bank’s methodology to revitalize the market and fulfill the future growth aspirations in the country.
He added that KFH offers clients a distinguished array of financing products and services that meet their needs and diversified investments and projects. KFH offers Istisnaa product that meets the financing needs of real estate constructions and industrial business owners. It offers Ijara financing product that reduces capital expenditure when entrepreneurs purchase heavy equipment needed for their businesses. Moreover, KFH offers cooperative marketing financing product that is specialized in financing the local commerce and encouraging the national products. In addition, KFH offers Murabaha credit, letter of guarantee, POS, and credit cards for companies’ staff.
It’s worth noting that KFH’s participation in the 1000 Projects Exhibition, which encompassed around 300 youth projects, is to strengthen efforts to promote robust economy and to enhance youth’s creative and innovative capacities.