PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599287

Primary Business Area

Access To Finance

Disclosure Date

Jun 5, 2013

Country

Jordan

Region

Middle East

IFC Approval Date

Apr 9, 2013

Status

Completed

Estimated Total Budget

$319,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2018

Project Estimated End Date

Dec 31, 2014

Project Description

IFC's Microfinance Advisory team in the MENA region is planning to partner with Tamweelcom, one of the largest Micro Finance Institutions (MFI) in Jordan - to help build their capacity in Risk Management (RM) in order to limit risks from a volatile economic and political environment, build its resilience and ultimately scale up outreach to the micro-entrepreneurs in a more sustainable manner.
The project activities will be focused on helping the MFI develop a comprehensive risk management framework, including a RM unit and committees, stronger corporate governance, relevant risk management tools in the areas of credit, operational, liquidity and interest rate risk, as well as the capacity building of staff. This should ultimately help Tamweelcom plan for and mitigate the key risks affecting the institution.

Development Results