AMMAN —
MicroFund for Women (MFW) and the
Palestinian Association for Children’s Encouragement of Sports (PACES) signed an agreement on Monday to support women whose projects were
affected by the COVID-19 pandemic.
اضافة اعلان
Tohama Al-Nabulsi,
public relations and foreign communication manager at MFW, said in a phone
interview with
Jordan News that the agreement aims at helping Covid-affected
women “stand on their own two feet and carry on their projects.”
“PACES is offering 50
of our beneficiaries JD500 each, provided that they have existing businesses that
were hit by the pandemic,” Nabulsi said.
According to Nabulsi, MFW
plays multiple roles in the agreement such as providing PACES with a list of
the beneficiaries’ names and projects, following up, and looking into the
impact COVID-19 has had on the projects in order to be “fair and transparent”
in selecting recipients.
“After the selected women
receive their grants, MFW, in collaboration with PACES, will follow-up on the
projects to see how the funding will be spent and to make sure the projects are
going well,” Nabulsi explained. “We will keep in contact with the beneficiaries
and make random visits to the projects sites.”
Nabulsi said that
MFW’s concept is based on three pillars: fund yourself, protect yourself, and
develop yourself. Accordingly, the fund offers its beneficiaries many services
including responsible lending, micro insurance, and training in different
fields such as financial management and basic marketing.
“This is our first
collaboration with PACES. We are very excited about this project. We hope to
expand it to reach as many people as possible,” she added.
“With 62 branches deployed
in Jordan, MFW can easily outreach beneficiaries all over the Kingdom,” she
added.
Nabulsi said that MFW,
founded in 1994, is Jordan's first and largest
non-profit microfinance institution that provides women with micro-loans to
empower them and improve their lives economically and socially.
Mohammad Omoush,
PACES’ general manager, told
Jordan News that this agreement goes along
with the association’s strategy and the COVID-19 emergency response program in
order to mitigate the economic and social crisis and support the fund’s beneficiaries.
Omoush said that
PACES basically works in sports for development. However, with the outbreak of
the pandemic, the association developed an emergency response program, based on
which the agreement has been formed.
“The agreement focuses
on supporting women who own small businesses, given that such businesses became
insolvent due to COVID-19,” the manager added.
“We hope to see
tangible outcomes on the beneficiaries and to benefit from their experiences,”
Omoush said. “We aspire through this agreement to transfer the experience of
Jordanian women who run small businesses to our workplaces in Palestine and
Lebanon.”
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