AMMAN — Jordan's first and largest non-profit microfinance institution
dedicated to empowering entrepreneurs, with a focus on supporting women,
Microfund for Women (MFW), marked the 25th anniversary of its founding on
Monday, according to the Jordan News Agency, Petra.
اضافة اعلان
In a statement, MFW acting director, Lama Zawati, said the company's various
and diverse services had a positive impact on Jordanian women, who were able to
unleash their potential to grow economically.
Zawati said the company's contributions have served to empower women by all
available means, which constitute an added incentive for MFW to continue on its
path, expand its services, and add to the number of customers benefiting from
its services.
In a quarter of a century, MFW has issued 1.4 million micro loans through its
61 branches countrywide, with the total amount disbursed through these loans
coming to JD722 million, Zawati said.
She said that in total 1.269 million customers benefited from the company's
services over the years, 96 percent of them women, in addition to 7,658 Syrian
refugees who also benefit from the microfinance institution’s services, according
to Zawati.
MFW operates under the supervision and control of the
Central Bank of Jordan (CBJ).
To date, Zawati said the company's loans portfolio stands at 63,000 microloans,
75 percent “Tadamon” loans, and 14 percent “Tatweer” loans for developing
existing projects.
Zawati also said that the MFW is the first company to launch a microfinance
service in the Middle East, adding that the company offers financial
compensation to its beneficiaries, with the aim of contributing to alleviating
losses resulting from unemployment.
The number of MFW’s microinsurance beneficiaries, both men and women, currently
exceeds 353,000, she added.
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