MFI ReportPartnerships
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| Planet Rating | Rating |
| Sanabel | Network Affiliation |
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Related Organizations
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20.2 million56,646355.80.021.7 million0
Mission:
To harness the productive capacity of microentrepreneurs in Jordan through the provision of sustainable financial services
Background and Main Challenges:
Microfund for Women (MFW) is a leading microfinance institution in Jordan. It is a pioneer in microcredit, both nationally and regionally.
Microfund for Women (MFW) began as a pilot lending program initiated by Save the Children in Jordan in 1994. Later, in 1996, it operated as a ... Read more
Microfund for Women (MFW) began as a pilot lending program initiated by Save the Children in Jordan in 1994. Later, in 1996, it operated as a ... Read more
Microfund for Women (MFW) is a leading microfinance institution in Jordan. It is a pioneer in microcredit, both nationally and regionally.
Microfund for Women (MFW) began as a pilot lending program initiated by Save the Children in Jordan in 1994. Later, in 1996, it operated as a local NGO known as the Jordanian Women's Development Society (JWDS) which took over the Group Guaranteed Lending Program with the dual purposes of testing the feasibility of group lending in Jordan and providing poor women with access to credit mechanisms. And finally, in 1999 Microfund for Women was registered as a not-for-profit limited liability company.
MFW has since expanded and garnered significant name recognition and unique positioning in Jordan’s microfinance market.
Since its inception, MFW has focused on providing credit facilities to women as they comprise a large portion of those under-served by the financial market. Additionally, MFW contends that all entrepreneurs have the right to access credit to invest in their enterprises, even if they are unable to provide collateral; hence, the diversity in outreach and in the financial services made available.
Primarily, MFW targets female entrepreneurs who require financing to expand or improve their existing income-generating projects or businesses.
MFW has constantly strived to make available its services to the largest number of entrepreneurs in various areas of Jordan, spanning the center and North of the country. Hide
Microfund for Women (MFW) began as a pilot lending program initiated by Save the Children in Jordan in 1994. Later, in 1996, it operated as a local NGO known as the Jordanian Women's Development Society (JWDS) which took over the Group Guaranteed Lending Program with the dual purposes of testing the feasibility of group lending in Jordan and providing poor women with access to credit mechanisms. And finally, in 1999 Microfund for Women was registered as a not-for-profit limited liability company.
MFW has since expanded and garnered significant name recognition and unique positioning in Jordan’s microfinance market.
Since its inception, MFW has focused on providing credit facilities to women as they comprise a large portion of those under-served by the financial market. Additionally, MFW contends that all entrepreneurs have the right to access credit to invest in their enterprises, even if they are unable to provide collateral; hence, the diversity in outreach and in the financial services made available.
Primarily, MFW targets female entrepreneurs who require financing to expand or improve their existing income-generating projects or businesses.
MFW has constantly strived to make available its services to the largest number of entrepreneurs in various areas of Jordan, spanning the center and North of the country. Hide
Address:
Queen Rania Al-Abdullah Street P.O. Box 962854
Amman 11196
Jordan
Phone:
00 962 6 5169191
Fax:
00 962 6 5167128
Email:
info [at] microfund [dot] org [dot] jo
Website:
Main Funding Sources:
Loans
Products and Services:
Loans
Products:
Lending mechanisms which include group solidarity loans, individual, and seasonal loans; tailored to meet the clients' business needs.
“Al Tadamun” Loan:
A loan product offered to women with existing income-generating projects who want to invest in the expansion or improvement ... Read more
“Al Tadamun” Loan:
A loan product offered to women with existing income-generating projects who want to invest in the expansion or improvement ... Read more
Lending mechanisms which include group solidarity loans, individual, and seasonal loans; tailored to meet the clients' business needs.
“Al Tadamun” Loan:
A loan product offered to women with existing income-generating projects who want to invest in the expansion or improvement thereof. Whereby, each member within the solidarity group has her own enterprise, and they agree to guarantee each other. And, each of them receives her own “Tadamun” Loan amount, for which the repayment terms are simple and agreeable.
“Al Tatweer” Loan:
A loan product offered to entrepreneurs with established micro or small enterprises who want to invest in the expansion or improvement thereof. Whereby, an entrepreneur, male or female, can receive an individual “Tatweer” Loan based on the credit and financial assessment of the enterprise. And, the repayment terms are agreed upon depending on the loan size and the enterprise’s cash-flow.
Seasonal Loans:
During certain seasons, a client’s enterprise may require additional working capital. MFW caters for such needs by offering a variety of Seasonal Loans throughout the year. These are parallel to existing “Tadamun” Loans and are offered to women within a solidarity group. Whereby, the members within the solidarity group agree to guarantee each other. Each member within this group can receive Seasonal Loan which is repaid within a short period.
Bedaya Loans:
A loan product utilizing the Group Guaranteed Lending Methodology offered to women who do not have existing projects. These start-up loans target women only and provide solidarity groups of 2-3 members the opportunity to receive a loan ranging between 100-200 Jordanian Dinars.
Delivery Loans:
Provides pregnant women with a loan between 150-250 Jordanian Dinars to cover their delivery expenses.
Leasing Product:
MfW launched a new leasing product, allowing micro & small entrepreneurs to acquire fixed assets crucial to the development and expansion of their ventures at easy and swift conditions. This product is the first of its kind in the MENA region.
Non-Financial Services:
MfW has been working to expand its mandate from an institution that provides solely micro credit, to one that takes a more comprehensive microfinance outlook in order to better meet the needs of its clients. It’s with that mission that Microfund launched its’ Micro-insurance program through a strategic alliance with a local insurance company at the beginning of July 2006. The “protection program” provides an insurance coverage for our clients in case of Death or Total permanent Disability within the duration of their loan. Hide
“Al Tadamun” Loan:
A loan product offered to women with existing income-generating projects who want to invest in the expansion or improvement thereof. Whereby, each member within the solidarity group has her own enterprise, and they agree to guarantee each other. And, each of them receives her own “Tadamun” Loan amount, for which the repayment terms are simple and agreeable.
“Al Tatweer” Loan:
A loan product offered to entrepreneurs with established micro or small enterprises who want to invest in the expansion or improvement thereof. Whereby, an entrepreneur, male or female, can receive an individual “Tatweer” Loan based on the credit and financial assessment of the enterprise. And, the repayment terms are agreed upon depending on the loan size and the enterprise’s cash-flow.
Seasonal Loans:
During certain seasons, a client’s enterprise may require additional working capital. MFW caters for such needs by offering a variety of Seasonal Loans throughout the year. These are parallel to existing “Tadamun” Loans and are offered to women within a solidarity group. Whereby, the members within the solidarity group agree to guarantee each other. Each member within this group can receive Seasonal Loan which is repaid within a short period.
Bedaya Loans:
A loan product utilizing the Group Guaranteed Lending Methodology offered to women who do not have existing projects. These start-up loans target women only and provide solidarity groups of 2-3 members the opportunity to receive a loan ranging between 100-200 Jordanian Dinars.
Delivery Loans:
Provides pregnant women with a loan between 150-250 Jordanian Dinars to cover their delivery expenses.
Leasing Product:
MfW launched a new leasing product, allowing micro & small entrepreneurs to acquire fixed assets crucial to the development and expansion of their ventures at easy and swift conditions. This product is the first of its kind in the MENA region.
Non-Financial Services:
MfW has been working to expand its mandate from an institution that provides solely micro credit, to one that takes a more comprehensive microfinance outlook in order to better meet the needs of its clients. It’s with that mission that Microfund launched its’ Micro-insurance program through a strategic alliance with a local insurance company at the beginning of July 2006. The “protection program” provides an insurance coverage for our clients in case of Death or Total permanent Disability within the duration of their loan. Hide
Services Provided:
Full-scale Financial Services
Business Development Services
Looking for (Investment Types):
Loans in Local Currency
Donations
Capacity Building Grants
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1994
FYE:
31-Dec
Current Legal Status:
NBFI
Regulated:
no
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Ali DeebHR Manageralideeb [at] microfund [dot] org [dot] jo00 962 6 5169191
-
Lama ZawatiChief Financial Officerl [dot] zawati [at] microfund [dot] org [dot] jo00 962 65 16 91 91, Ext.111
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Lina AlahmadChief Accountantl [dot] alahmad [at] microfund [dot] org [dot] jo: +962 6 5825111, Ext.114
