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What Projects Does Bab Rizk Jameel Support?

What projects does Bab Rizq Jameel support?  If you are looking for an answer to the question What projects does Bab Rizq Jameel support? We will explain it to you in this article via the money makers website platform, and we will also learn together in the article how to accept the Bab Rizk initiative, and how you can be part of a successful and profitable project, follow the topic.

Get to know Bab Rizk Jameel

  • The word Bab Rizq Jameel refers to one of the initiatives undertaken by Abdul Latif Jameel among his social initiatives.
  • This initiative is only an extension of the services that were previously provided by Abdul Latif Initiatives since the beginning of its establishment in the middle of the year 2003 AD.
  • Bab Rizq Jameel is also considered a distinguished social program, as it is the aspect that focuses directly on areas that serve the people and provide them with a better life, such as providing job opportunities for young graduates.
  • Also, everything that was presented in the programs is different and new from everything that came in the past.
  • Before, there were many programs supported by Abdul Latif Jameel in order to serve the community and people in the social field, especially by providing a source of livelihood and job opportunities.
  • All services related to encouraging young people to work and to open a project are now located in a specific place under the umbrella of one initiative, an initiative whose work falls under the umbrella that has the name that is Bab Rizq Jameel.

Objectives of Bab Rizq Jameel Initiative

Below we explain to you the goals and objectives of the Bab Rizq Jameel initiative:

  • The Bab Rizq Jameel initiative aims primarily to provide job opportunities for male and female graduate males and females.
  • The initiative also introduces companies and institutions to human cadres and energies who are looking for work and livelihood opportunities.
  • The Bab Rizq Jameel initiative introduces young graduates and cares about job seekers in order to provide them with the latest and best job opportunities, by communicating with those interested in human development and personnel affairs within companies and institutions.
  • Bab Rizq Jameel supports young people who are thinking of becoming owners of small and micro-enterprises with good interest-free loans to help.
  • The Bab Rizq Jameel initiative aims to provide an excellent environment in which small business owners can succeed.
  • The initiative also supports programs based on work and earning a living from home.
  • The program provides a franchise loan to young graduates who wish to start small businesses.

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What projects does Bab Rizq Jameel support?

  • What projects does Bab Rizq Jameel support? The initiative supports more than one program, including the Small Business Support Program, which is considered the main program of the project, or as we can say, it is one of the most important programs offered by the Bab Rizq Jameel initiative.
  • The start of this program was in the middle of the year 2004 AD, this program is provided in particular to a certain group of young men and women, a group that has the desire to establish small projects and does not have the ability, to raw materials and capital to finance these projects.
  • Rizk Jameel offers young people of this category good loans, which are repayable in installments without interest and without paying any fees. These loans start from 10,000 riyals up to 150,000 Saudi riyals.
  • The program also provides the opportunity for young people to pay the amount for a period of up to 48 months, i.e. 4 years. The projects that it provides support for vary, as there is support for service projects, industrial projects, or production projects.
  • The goal of the program is to fully support all ways that help rehabilitate young people and provide job opportunities for young men and women, by supporting and financing new projects, developing already existing projects, or expanding old projects.

Conditions for obtaining support for small projects

The following are the conditions for obtaining support from the Bab Rizq initiative to finance and support small projects:

  • The person applying for the project must be a Saudi national.
  • The project itself and its location must be in the same city in which the applicant resides.
  • The age of the applicant must not be less than 20 years.
  • The person applying for the loan cannot be more than 60 years old.
  • It is required that the person in charge of the project be fully dedicated to working and managing the project.
  • An employee whose salary does not rise to the level of high salaries are excluded from the aforementioned last condition, as his monthly salary must be less than 2500 to participate in a livelihood if he has the desire to improve his standard of living and improve his income.
  • The applicant must have experience and skill in the field he wishes to start in, so that he can manage the project and work hard and skillfully in it.
  • The applicant must pass the personal interview to receive the support provided by Bab Rizq for small projects.
  • You must bring a guarantor.

Public Taxi Ownership Program Bab Rizq Jameel

This program is considered one of the first programs to adopt support for small projects, and among these projects is a project that was incorporated in late 2002 AD, through which young people are given the opportunity to work on a taxi.

  • In the public taxi ownership program Bab Rizq Jameel, a taxi is owned by the applicant after he completes and pays its full value.
  • The program offers young people the taxi equipped to work in it, as the car has all the equipment, and every young man can own more than one car if he pays all the installments of the first car to expand his work and be a producer and owner of a huge project.
  • The number of young people who have benefited from support in this program since the beginning of its work in 2002 has reached more than 2500 young Saudis from all over the Kingdom.

Terms and documents required for the taxi ownership program

  • The applicant must be a Saudi national.
  • It is not acceptable for the applicant to be more than 55 years old.
  • A public driving license is required.
  • You must bring a guarantor.
  • One of the most important documents required is a copy of the status card.
  • You must bring a copy of the general license.
  • Also, bring proof of residence.
  • It is necessary to bring two personal photos of the applicant.
  • It is also necessary to bring a sketch of the applicant's home.

Achievements of Bab Rizk Jameel

The initiative has seen a lot of admiration from many countries around the world, and among the achievements of Bab Rizq Jameel, it has supported and funded more than 11,000 projects for youth in the Kingdom.

The project also succeeded in the taxi ownership program and succeeded in providing assistance to many through the transportation vehicle ownership program, the productive families program, and the training program ending with employment.