Comments on: MICROCAPITAL STORY: Code of Ethics Signed at Jordanian Government Ceremony by Local MFIs Microfund for Women, Alwatani, Al-Ahli Microfinance Company, Tamweelcom, Middle East Microcredit Company (MEMCO), FINCA-Jordan, and the Development and Employment Fund (DEF)

By: MICROCAPITAL STORY: Citi Foundation and Jordan River Foundation Present 2008 Citi Microentrepreneurship Awards, Jordanian Government Pledges $7.1m to Local Microfinance Institutions (MFIs)

Mon, 13 Dec 2010 19:05:37 +0000

[...] At the awards ceremony, MoPIC Minister Suhair Al-Ali announced that her ministry is coordinating with international donors to give MFIs technical and financial support that will facilitate scaling-up activities, expansion into poor areas, and financial product diversification.? French and Spanish organizations have contributed to MFIs about EUR 12 million (USD 15 million) this year alone.? The government pledged further support of the microfinance sector with a JOD 5 million (USD 7.1 million) grant channeled through MoPIC to the Development and Employment Fund, which will in turn provide funds to help sustainable MFIs with rural expansion and other ongoing projects.? For more information on the Jordanian government’s microfinance promotion efforts, please see a recent Microcapital story on the development of a code of ethics for domestic MFIs. [...]

By: Code of Ethics Signed at Jordanian Government Ceremony | The MiFi Report

Mon, 10 Nov 2008 10:18:10 +0000

[...] The MFIs include: the Microfund for Women, a non-profit MFI with a loan portfolio of JD 52 million, the dollar equivalent of over USD 73 million; Alwatani (National Microfinance Bank), a non-profit, private shareholding company; Al-Ahli Microfinance Company, a subsidiary of the USAID-Jordan program “Access to Microfinance & Improved Implementation of Policy Reform” (AMIR); Tamweelcom, a non-profit LLC owned by the Noor Al-Hussein Foundation and with funding of JD 2.5 million, the equivalent of USD 3.5 million; Middle East Microcredit Company, an MFI with a loan portfolio of USD 11 million;FINCA-Jordan, the Foundation for International Community Assistance’s second branch in the Middle East; and theDevelopment and Employment Fund (DEF), an MFI with a loan portfolio of USD 45 million… [click here to read the rest of this article...] [...]

By: » MICROCAPITAL STORY: Code of Ethics Signed at Jordanian Government …

» MICROCAPITAL STORY: Code of Ethics Signed at Jordanian Government … — Mon, 10 Nov 2008 09:47:52 +0000

[...] Figures released by Jordan’s Planning Ministry indicate that over 120000 citizens have borrowed from local microfinance institutions (MFIs) with loans outstanding at JD 65 million, the dollar equivalent of over USD 91 million. Original post [...]