Inma Fund offers OMR20mn to finance SME projects

Muscat: The Small and Medium Enterprises Development Fund (Inma) funded 144 small and medium projects in 2022 worth OMR20 million.

Saleh Hilal Al Ma’awali, CEO of Inma said that 123 projects worth OMR16 were funded through Inma’s headquarters at Muscat. Moreover, nine projects worth OMR3 million were financed through the fund’s office at Sohar and nine projects worth approximately OMR1 million through the fund’s office at Salalah.
Al Ma’awali pointed out that the fund aimed to expand its funding services for SMEs in Oman and boost the contribution of those SMEs to the gross domestic product (GDP).

He added that to encourage SME owners to continue their activities and operations, the fund had recently decided to extend the loan payment duration up to eight years for most financing products offered by the fund.