I make a living off of my family coffee kiosk. However, with all the electric appliances used in the business, most of the profit went to the energy expenditure. With Taqati loan, I installed a solar energy system which helped decrease my energy bills while my household income increased!
Amal Al-Misadin - Buseira
- > 140,685 active borrowers
- >95.80% of active borrowers are women
- Total amount of loans disbursed is > 25,946,773.
- Repayment rate is >94.46%
- > 30,441 loans
- > 31 international and local awards
- > 63 branches
- > 745 employees
- > 73.15% of employees are women
Microfund for Women (MFW) restored the home of one of its beneficiaries that burnt down entirely following an electrical surge. MFW managed to restore the house by completely repairing the concrete walls and installing doors and windows.
In a statement, MFW said on Tuesday that it had decided to lend a helping hand to its beneficiary, Samah Al Mashahreh, who and her husband are staying in Deir Ala with their family of 4 girls, the oldest of whom is aged ten years and the youngest only two years. This initiative was a part of MFW’s social responsibility and recognized the beneficiary’s compliance to repaying her seven funding she has obtained from MFW in the past years.
MFW also indicated that it had not only renovated its beneficiary’s home after a fire but had also sought to secure some electrical and kitchen appliances, toys, and carpets donated by some employees, who were keen to help and assist it in promoting the principle of voluntary and charitable work in support of our community members.
MFW stressed that it seeks to expand its social responsibility framework towards women, their families, and society through a range of non-financial services riveting on five fundamental pillars: marketing and networking, product development, university scholarships, vocational and occupational training, and awareness lectures.
The beneficiary was head over feet with MFW’s initiative: “If it weren’t for Microfund for Women help, my home would have stayed the same. They visited me and promised me, and they kept their promise to restore my home to the way it way before the fire breakout.”
Microfund for Women, established in 1996, is a private, non-profit, private equity company operating under the Central Bank’s supervision.