I took around 5 consecutive loans from MFW… Each time my business got better because I managed to purchase the proper resources.
Manal Salman - Na’ur
- > 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
Amman, Jordan – 2021
Through its dedicated Learning Academy, Microfund for Women (MFW)—Jordan’s first and largest non-profit microfinance institution—has donated 3,000 educational tablets to children in various governorates across the Kingdom, in order to support remote learning and provide access to digital education throughout the country.
MFW donated the tablets as part of The Learning Academy’s efforts to support the children, families, and communities of its beneficiaries. The tablets were provided to MFW thanks to the generous support of the Ghiath and Nadia Sukhtian Foundation.
The distribution of the tablets was coupled with a special training program provided by iLearn, which aims to develop children’s skills in new technologies. Targeting children between the ages of six and eight, the training program was designed to support mathematical and language-learning skills, both in Arabic and English. The program also provides an introduction to computer programming and teaches children to optimize the use of their tablets for educational purposes.
Several of MFW’s other partners also contributed to the success of this initiative, chief among them the Crown Prince Foundation, Naua, and Nahnu, who provided MFW with logistical support by organizing and managing volunteers for tablet distribution nationwide, including in Irbid, Ramtha, Jerash, As-Salt, Karak, Zarqa, Tafileh, and Dayr ‘Allah. The initiative was also carried out through the support and cooperation of 46 local community-based organizations located in various parts of the country.
This latest initiative from MFW stems from the organization’s mission to support underserved women and communities through both financial and non-financial services, as well as MFW’s well-rounded and comprehensive sense of social responsibility. In particular, the effort to distribute tablets across the Kingdom is a direct response to the challenges of the COVID-19 pandemic and the difficulties of implementing effective distance learning, particularly in underserved areas.
MFW has always sought to empower women economically and enhance their social status, not only through the provision of financial services but also via access to many non-financial and community services aimed at protecting female beneficiaries and their families, developing their professional and managerial skills, and providing entrepreneurial support such as training, professional development, marketing services, and more.
MFW was founded in 1996 as a non-profit private equity company. The organization is registered with the Ministry of Industry and Trade and operates under the supervision and control of the Central Bank of Jordan.