With a small plan, I could support my family, and through Microfund for Women’s platforms, I was able to market my business to expand it and help more families in need.
Amal Abd Al Lateef
- > 138,435 active borrowers
- > 96.2% of active borrowers are women
- Total amount of loans disbursed is > 70,144,430
- Repayment rate is > 96%
- > 1,000,000 loans
- > 31 international and local awards
- > 63 branches
- > 706 employees
- > 72.4% of employees are women
Microfund for Women has announced awarding 10 full scholarships to the children company’s services beneficiaries attending official Jordanian universities for the current academic year.
“Education is the way to change for the better,” said Muna Sukhtian, the Managing Director of Microfund for Women. Sukhtian added “we are eager to seeing our beneficiaries’ children complete their university education, enter the labor market and became influential members who positively impact their families and communities”.
Sukhtian noted that the company strives to provide various financial and non-financial services to promote women’s economic and social empowerment in order for them to become active and productive family and community members in aims of entrenching the company’s social responsibility principle in contributing to the sustainable development of communities.
the 10 scholarships, Sukhtian stressed, are part of the company’s non-financial services structured around five key pillars, which are: Financial management, business management and development, personal development, corporate responsibility, and vocational training.
Sukhtian added that the university scholarships granted by the “Microfund for Women” emerge from the company’s belief in reducing the financial costs that burden students’ families, as well as providing opportunities for students themselves to complete their education in aims of promoting their future opportunities.
Sukhtian highlighted the company’s awareness and community activities from which about 123 thousand beneficiaries have benefited, noting that the company offers free-of-charge participation opportunities to 11 of its beneficiaries in Amman Design Week, in aims of enabling them to promote their product, in addition to providing free-of-charge participation in a number of bazaars and fairs around the country.
Moreover, Sukhtian indicated that the students who received the Microfund for Women university scholarships were accepted in the faculties of medicine, engineering, information technology, public administration, law, geography, English and Spanish, in various Jordanian universities, stressing the company’s keenness to establish “fair” standards to ensure the students’ need for the grant at the level of the Kingdom.
Bayan Habash, one of the student beneficiaries of the scholarship, stated: “I was ecstatic. I did not expect to win the scholarship amid the high levels of competition with other children of the company’s beneficiaries around the Kingdom!” She noted that “the grant contributed to reducing the cost burdens of my university on my family. I thank Allah and t Microfund for Women for this amazing opportunity. “
Another student, Janan Barakat, noted that “I could only think of my family and the costs they will endure for my university education, but that was before the Microfund for Women’s scholarship, and after that I had this great energy, and I could only think positively towards creativity and excellence.” Barakat extended “great” thanks to Microfund for Women for granting her a university scholarship.
The student Dia’ Harayzeh expressed his deep appreciation and thanks to Microfund for Women for providing him with the scholarship, which, he stated, “reflected positively on my life, where I was able to attend the university after it seemed almost impossible.”
Microfund for Women, which commenced it work in 1996, is a private, non-profit company, which, according to its incorporation law, does not distribute dividends at all, and is registered with the Ministry of Industry and Trade, and operates under the supervision and control of the Central Bank.