Microfund for Women

About Microfund for Women

Microfund for Women (MFW) is a leading microfinance institution both nationally and regionally. MFW began as a pilot lending program in Jordan in 1994; later in 1996, it operated as a local NGO; and in 1999 was registered as a not-for-profit limited liability company. Since inception MFW has disbursed around 130 thousand loans to over 46 thousand borrowers. MFW aims to harness the productive capacity of entrepreneurs in Jordan by providing them with sustainable financial services. Primarily, MFW targets females who require financing to invest in their existing income-generating projects or businesses. MFW works out of a network of 9 branches covering Central and Northern Jordan; located in Raghadan, Nazzal, Wehdat, Baqa'a, Russaifeh, Zarqa, Madaba, Jerash and Irbid. MFW offers a variety of loan products to entrepreneurs interested in expanding or improving their existing home-based or independent enterprises in business sectors such as production, trade, handicrafts and services. MFW provides the following range of financial products, each with its own distinct set of criteria and mechanisms: 1) Al Tadamun Loan: utilizes the Group Guaranteed Lending Methodolog;, offered to women with existing income-generating projects who want to invest in the expansion or improvement thereof. 2) Al Tatweer Loan: utilizes the Individual Lending Methodology; offered to entrepreneurs with established micro/small enterprises or family businesses who want to invest in the expansion or improvement thereof. 3) Al Bedaya Loan: utilizes the Group Guaranteed Lending Methodology; offered to women considering starting an income-generating project or micro-enterprise to contribute to improving their socio-economic status and that of their families. 4) Seasonal Loans: clients' enterprises may require additional working capital during certain seasons. MFW caters for such needs by offering a variety of Seasonal Loans, parallel to existing Tadamun Loans.