Microfund for Women (MFW) is Jordan’s first and largest non-profit microfinance institution (MFI). The organization is dedicated to empowering entrepreneurs, and women in particular, through an array of financial and non-financial services designed to support their businesses and livelihoods while helping them achieve financial Inclusion. Founded in 1994, MFW was one of the first MFIs to be licensed by the Central Bank of Jordan, receiving its licensing in April 2018.
MFW serves women and community members who demonstrate skill, motivation, and an outstanding entrepreneurial spirit, with special emphasis placed on supporting women who lack access to traditional financial institutions and their services. MFW’s beneficiaries typically live in underserved and remote communities across Jordan; to reach as many beneficiaries as possible, the organization has established branches in communities throughout the Kingdom, and employs a team of loan officers who spend much of their time in the field.
MFW’s strategic approach leverages technology in order to promote, develop, and advance its many needs-based products and services, with the goal of serving an ever-growing segment of the community. This approach is what has led the organization to establish and expand The Learning Academy, which provides a wide range of customized non-financial services, including educational courses and e-learning programs. MFW is also keen to further increase its impact by continuously targeting new segments of the population, including refugees and startups, which in turn allows the organization to steadily lower the interest rates it charges beneficiaries.
Microfund for Women’s mission is to provide sustainable financial and non-financial services for underserved entrepreneurs, and women in particular, in order to empower them socially and economically and to help them achieve a better quality of life.
Microfund for Women envisions a more equal and just society in which women in particular are empowered to break the cycle of poverty, achieve prosperity, and live inclusive lives.