PROJECT

Projects

Summary of Investment Information

Project Number

40533

Company Name

THE JORDAN MICRO FINANCE COMPANY

Date SPI Disclosed

Jan 25, 2018

Country

Jordan

Region

Middle East

Projected Board Date

Mar 1, 2018

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Aug 19, 2022

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Mar 29, 2018
Signed : May 27, 2018
Invested : Dec 26, 2018

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

 The Project (“Tamweelcom 3”) entails an IFC investment to the Jordan Micro Credit Company (“Tamweelcom” or the “Company”). The purpose of the loan is to support Tamweelcom to increase lending to individual entrepreneurs, micro and very small enterprises (“VSEs”) in Jordan. The project will contribute to increased access to finance to underserved segments of the country’s economy, including women entrepreneurs, financial inclusion and creation of new business opportunities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation