The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it will loan USD 2 million in local currency to Microfund for Women (MFW), a microfinance institution in Jordan, to support female entrepreneurs in that country.
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MICROFINANCE EVENT: MENA Governance and Strategic Leadership Seminar; March 7 – 9, 2017; Amman, Jordan
Event Name: MENA Governance and Strategic Leadership Seminar
Event Date: March 7 – March 9, 2017
Event Location: Sheraton Amman Al Nabil Hotel, Fifth Circle, Amman, 11184, Jordan
Summary of Event: The goal of this event is to strengthen boards of directors of microfinance institutions in the Middle East and North Africa (MENA) region
MICROCAPITAL BRIEF: Jordan Launches Financial Inclusion Strategy for 2018 – 2020
The Central Bank of Jordan recently announced a strategy to increase financial inclusion in the country during the years 2018 through 2020. The document calls for increased financial education, client protection and
MICROCAPITAL BRIEF: Jordan’s Queen Noor, King Hussein Foundation Launch Sharia-Compliant Microfinance Institution Ethmar
Queen Noor of Jordan, the founder and chairperson of the King Hussein Foundation (KHF), recently announced the launch of Ethmar, a microfinance institution (MFI) that is compliant with Shariah, the Islamic legal system.
MICROCAPITAL BRIEF: Bank al Etihad Borrowing $20m from European Bank for Reconstruction and Development (EBRD) for Micro, Small, Medium-Sized Enterprises (MSMEs) in Jordan
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has agreed to open a credit line of USD 20 million for Bank al Etihad, a Jordanian provider of financial services to both large and small organizations, for on-lending to micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: Fern Software Implements Abacus MIS System for Microfinance Institutions (MFIs) in Jordan, Tunisia; Premiering Arabic, French Editions of Software
UK-based Fern Software recently informed MicroCapital that it has implemented its Abacus financial management information system (MIS) in two additional languages: in Arabic for a microfinance institution (MFI) in Jordan and in French for an MFI in Tunisia.
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $936k to Jordan’s Microfund for Women, $1.7m to Georgia’s JSC MFO Crystal
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans: (1) EUR 825,000 (USD 936,000) to Microfund for Women, a microfinance institution (MFI) in Jordan that was founded in 1994 as a program of UK-based NGO Save the Children; and (2) EUR 1.5 million (USD 1.6 million) to Joint Stock Company Microfinance Organization Crystal (JSC MFO Crystal), an MFI that was established in Tbilisi, Georgia, in 1998 as the Crystal Fund.
MICROCAPITAL BRIEF: Triodos Investment Management Disburses Loans to Micro-, Small, Medium-sized Enterprise (MSME) Lenders in Cambodia, Colombia, India, Jordan, Uzbekistan
Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, recently disbursed loans of undisclosed amounts to Annapurna Microfinance, an Indian microfinance institution (MFI); Asociacion Fondo de Desarrollo (FDL), an MFI in Nicaragua; Crezcamos, a Columbian MFI; Hamkorbank, a commercial bank in Uzbekistan; Intean Poalroath Rongroeurng (IPR), an MFI in Cambodia; Intellegrow, a nonbanking financial company (NBFC) serving small and medium-sized enterprises (SMEs) in India; and Vitas Jordan, an Amman-based MFI [1].
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Establish $99m Sustainable Energy Financing Facility for Morocco; to Loan $6m to Banque Marocaine du Commerce Extérieur (BMCE) of Morocco for On-Lending for Sustainable Energy Investments; to Establish $37m Sustainable Energy Financing Facility for Jordan
The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in England, is considering the establishment of a EUR 80 million (USD 99.4 million) “Sustainable Energy Financing Facility for Morocco”[1] (MorSEFF) that would disburse loans to EBRD’s partner financial institutions in Morocco.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Likely to Loan $150m in Jordan Including to Bank Al Etihad, Cairo Amman Bank for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, is considering setting up a senior unsecured credit facility in the amount of USD 150 million for banks in Jordan for on-lending to micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: United Nations Relief and Works Agency (UNRWA) Launches India-based InfrasoftTech’s OMNIEnterprise Microfinance Software in Gaza, Jordan, Syria, West Bank
InfrasoftTech, a financial software firm that was founded in 1995 and is based in Mumbai, India, reportedly has announced that the microfinance department of the United Nations Relief and Works Agency (UNRWA), which provides education, health care, social services has adopted InfrasoftTech’s OMNIEnterprise Microfinance Solution, a banking software system across its operations in: Gaza, Jordan, Syria and the West Bank.
MICROCAPITAL BRIEF: European Bank For Reconstruction and Development (EBRD) Brings “Small Business Support” Facility to Jordan, Delivering Technical Assistance to Small, Medium-Sized Firms
The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in the UK, has brought its Small Business Support (SBS) facility for small and medium-sized enterprises (SMEs) to Jordan.
MICROCAPITAL BRIEF: Triodos Investment Management Loans $1m each to Advans Banque Congo, Microfinance Institution (MFI) Vitas Jordan
Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, reportedly has loaned USD 1 million to Advans Banque Congo, a commercial bank, and JOD 705,000 (USD 1 million) to Amman-based microfinance institution (MFI) Vitas Jordan.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $2m to FINCA Jordan for On-Lending to Micro-, Small Enterprises (MSEs)
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently announced that it will disburse a senior loan of USD 2 million to Foundation for International Community Assistance (FINCA) Jordan, a microfinance institution (MFI) based in Jordan that is a part of the US-based, nonprofit FINCA International microfinance network.
MICROCAPITAL BRIEF: Grameen-Jameel Microfinance to Loan $2m Each to Microfund for Women of Jordan, Al Majmoua of Lebanon
Grameen-Jameel Microfinance Limited, a nonprofit Cyprus-based joint venture of the US-based Grameen Foundation and the Saudi Arabia-based nonprofit Abdul Latif Jameel Community Initiatives, recently declared that it will loan USD 2 million each to Microfund for Women (MFW), a microfinance provider in Jordan, and Al Majmoua, a Lebanese nongovernmental organization (NGO) that lends to microenterprises.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $4m to Microfund for Women (MFW) of Jordan to Support Onlending to Female Entrepreneurs
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that provides loans and other services in 36 countries, recently announced that it will extend a senior loan of USD 4 million to Microfund for Women (MFW), an NGO microlender in Jordan, to support onlending to female entrepreneurs.
MICROCAPITAL BRIEF: Tamweelcom of Jordan to Launch Mobile Credit Facility in Mafraq, Northern Shuneh, Ramtha
Tamweelcom, a Jordanian microcredit provider formerly known as Jordan Micro Credit Company, reportedly will launch a mobile credit station in the northern region of Jordan in an effort to provide greater access to financial services to poor people.
MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $1m to Middle East Micro Credit Company (MEMCC) of Jordan to Expand Lending Services
The Sanad Fund for MSME (micro-, small, and medium-enterprises), a Luxembourg-based initiative that invests in financial institutions in the Middle East and North Africa, recently provided a local-currency loan of JOD 709,000 (USD 1 million) to the Middle East Micro Credit Company (MEMCC), a Jordan-based for-profit development institution that operates under Global Communities, provides loans to micro-, small, and medium-sized enterprises, to further expand its lending services [1].