FINCA Jordan was founded as a non-governmental organisation in 2007 by FINCA International as their first affiliate in the Middle East and Northern Africa (MENA) region. In 2010 the organisation transformed into a for-profit entity as this provides the organisation with a more solid basis for reaching scale. FINCA Jordan offers solidarity group based and individual loans to micro entrepreneurs and also to small-and-medium-sized enterprises. Through its network of branches FINCA Jordan is active throughout the country, both in urban and rural areas. The loan provided by Triodos-Doen will allow FINCA Jordan to expand its activities further, mainly in underserved areas.
KEY INDICATORS FINCA Jordan at year-end 2012:
- number of loan clients: 15,418
- percentage female clients: 97%
- percentage rural clients: 25%
- average loan amount: EUR 375
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.