The Microfund for Women (MFW), a Jordanian microfinance institution serving microentrepreneurs, has extended health insurance coverage to family members of its clients as part of the second phase of its Caregiver Program, which helps to defray expenses associated with hospitalization.
The program offers cash payments meant to help offset the costs of food, transportation or other emergency expenses in addition to the direct costs of an extended hospital stay.
In the newly launched second phase, the program is intended to benefit 3,000 families who will receive JOD 105,000 (USD 148,200) in cash payments.
By John Crawford, Research Associate
About Microfund for Women: Microfund for Women is a Jordanian microfinance institution which serves poor entrepreneurs. As of April 2010, the company has 48, 160 active loans, 97 percent of which are women. As of December 2010, MFW has USD 21.7 million in assets, a GLP of 93%, a ROA of 9% and a ROE of 18%.
Sources and Additional Resources
MicroCapital.org story, May 9, 2012, “MICROCAPITAL BRIEF: HSBC to Provide Technical Assistance to Microfinance Institutions in Middle East, North Africa in Partnership with Grameen-Jameel, Bankers without Borders”, https://www.microcapital.org/microcapital-brief-hsbc-to-provide-technical…
MicroCapital.org story, April 25, 2012, “MICROCAPITAL BRIEF: Grameen-Jameel Loans $1.5m to Jordan Micro Credit Company (Tamweelcom)”, https://www.microcapital.org/microcapital-brief-grameen-jameel-loans-1-5m…
MicroCapital Universe Profile: Microfund for Women https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfund+for+Women
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