Conditions

In order to qualify for the BP Khazzan Project for SME Development, applicants must meet the following requirements:


1) Participants must be Omani citizens and at least 18 years old.
2) Participants are to be dedicated 100% to the SME he/she owns.
3) An existing business for at least 18 months.
4) All license for operation must be valid that includes but not limited to (Commercial Registration, Oman Chamber of Commerce & Industry Membership, Municipality Permits and else).
5) Business has a valid and operating bank current account.
6) The small business has some system of bookkeeping or tracking of financial performance.
7) Small businesses with existing bank or other debt will be evaluated on a case by case basis.
8) Participants will be required to provide a CBO letter indicating no negative items.
9) The applicant is not a first degree relative of any employee of BP, Sharakah, or any other program vendor associated with this program.
10) Applicants will be selected using a competitive selection process based upon face-to-face interviews.