The International Finance Corporation (IFC), a member of the US-based World Bank Group, and Jordan Ahli Bank, a Jordan-based financial institution, recently launched the SME Toolkit, an initiative of IFC, in Jordan.
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MICROCAPITAL BRIEF: Women’s World Banking (WWB) Partners with Australia’s AusAID on Microinsurance, 90k Jordanians Reached by Microfund for Women
The Australian Agency for International Development (AusAID), an agency of the federal government of Australia, reportedly has pledged its support to Women’s World Banking (WWB), a US-based nonprofit microfinance network, to assist with the expansion of international microinsurance services.
MICROCAPITAL BRIEF: Citigroup Loans $2m to Microfinance Institution (MFI) Tamweelcom of Jordan
US-based financial service provider Citigroup recently informed MicroCapital that it has issued a local-currency loan equivalent to USD 2 million to Tamweelcom, a Jordanian nonprofit microfinance institution (MFI), to support the growth of its loan portfolio.
MICROCAPITAL BRIEF: European Union to Give Jordan $32m for Microfinance Over 3 Years
The Ministry of Planning and International Cooperation of Jordan, a governmental institution that aims to affect sustainable development, reportedly has stated that the European Union (EU) will provide funding in the amount of EUR 25 million (USD 32.5 million) to support Jordan’s 2012-2014 executive plan to establish a nationwide microfinance program.
MICROCAPITAL BRIEF: Development and Employment Fund (DEF) of Jordan Offers $5m in Grants to Microfund for Women (MFW), Ahli Microfinance Company (AMC)
The Development and Employment Fund (DEF), a provider of retail and wholesale microfinance services backed by the Jordanian government, reportedly has offered grants totaling JOD 3.5 million (USD 5 million) to the Microfund for Women (MFW) and the Ahli Microfinance Company (AMC), two microfinance providers in Jordan.
MICROCAPITAL BRIEF: US Agency for International Development (USAID), FINCA Jordan Launch Youth Finance Project
A Youth Finance Project intended to boost the Jordanian microbusiness environment has been launched by the United States Agency for International Development (USAID), a US government agency that provides international economic and humanitarian assistance and FINCA Jordan, a microfinance institution (MFI) that is part of the US-based FINCA International microfinance network.
MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $1.5m to FINCA Jordan to Boost Microfinance Services
The Sanad Fund for MSME (Micro-, Small a Medium-Sized Enterprise), an initiative of KfW Entwicklungsbank that provides medium- and long-term debt and equity to financial institutions in the Middle East, recently made a local-currency loan equivalent to USD 1.5 million to FINCA Jordan Specialized Microloans, a Jordanian microfinance institution (MFI) that is part of the US-based FINCA International microfinance network.
MICROCAPITAL BRIEF: Planning Minister of Jordan Meets Microfinance Representatives
The Minister of Planning and International Cooperation of Jordan, J’afaar Hassan, recently met with a group of microfinance practitioners as part of the operational plan of the country’s national strategy for the microfinance sector.
MICROCAPITAL BRIEF: “SANAD Fund for MSME” Loans $3m to Middle East Micro-Credit Company of Jordan
SANAD Fund for MSME, a Luxembourg-based investment fund, has invested in Jordan for the first time, with a synthetic local currency loan equivalent to USD 3 million disbursed to Middle East Micro-Credit Company (MEMCC), a microfinance institution (MFI).
MICROCAPITAL BRIEF: ResponsAbility Loans $4.1m to ACLEDA Laos, Middle East Micro Credit Company of Jordan
ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached a total of three investment deals with microfinance institution (MFI) ACLEDA Laos Bank, an affiliate of Cambodian public limited company ACLEDA (formerly Associaton of Cambodian Local Economic Development Agencies) Bank and Middle East Micro Credit Company (MEMCC), a for-profit development finance institution in Jordan.
MICROCAPITAL BRIEF: Microfund for Women Offers Health Insurance Coverage to Microfinance Borrowers’ Families in Jordan
The Microfund for Women (MFW), a Jordanian microfinance institution serving microentrepreneurs, has extended health insurance coverage to family members of its clients as part of the second phase of its Caregiver Program, which helps to defray expenses associated with hospitalization.
MICROCAPITAL BRIEF: ResponsAbility Loans $6.4m to Microfinance Institutions KMF of Kazakhstan, FINCA Jordan, FINCA Azerbaijan
ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached four investment deals with three microfinance institutions (MFIs) in central Asia and Jordan.
MICROCAPITAL BRIEF: Grameen-Jameel Loans $1.5m to Jordan Micro Credit Company (Tamweelcom)
Grameen-Jameel Microfinance Limited, a joint venture of the US-based Grameen Foundation and the UK-based Abdul Latif Jameel Foundation, reportedly has provided a loan of USD 1.5 million to the Jordan Micro Credit Company (Tamweelcom), a Jordan-based microfinance institution (MFI).
MICROCAPITAL BRIEF: responsAbility Invests $2m in Jordan’s Middle East Micro Credit Company (MEMCC), Palestine for Credit and Development (FATEN)
Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that is has lent the local currency equivalent of USD 1.5 million to Jordan’s Middle East Micro Credit Company (MEMCC) –with equivalent to USD 1 million from the responsAbility Global Microfinance Fund (rAGMF) and equivalent to USD 500,000 from responsAbility Mikrofinanz-Fonds (rAMF).
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) to Guarantee $500m in Loans to Microfinance Institutions (MFIs) for Lending to Small and Medium-Sized Enterprises (SMEs) in Egypt, Jordan; USAID to Fund Technical Assistance
The Overseas Private Investment Corporation (OPIC), a US government agency that supports private sector development, has approved USD 250 million in loan guarantee facilities each in Egypt and Jordan for local banks that lend to small and medium-sized enterprises (SMEs), microfinance institutions (MFIs), non-banking financial institutions (NBFIs) and “other approved borrowers.”
MICROCAPITAL BRIEF: responsAbility Loans $6m to ProCredit Bank of Moldova, Foundation for International Community Assistance (FINCA) Russia, FINCA Jordan
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has loaned the equivalent of USD 6.3 million to ProCredit Bank of Moldova, Foundation for International Community Assistance (FINCA) Russia and FINCA Jordan through MIVs that it manages.
MICROCAPITAL BRIEF: Ministry of Planning and International Cooperation (MoPIC) Announces New Policy Framework for Expansion of Microfinance Industry in Jordan
The Ministry of Planning and International Cooperation (MoPIC) in Jordan, with assistance from KfW, a German government-owned development bank, recently developed a new policy framework for the microfinance industry.
MICROFINANCE EVENT: Sanabel Microfinance Network of Arab Countries to Host Eighth Annual Conference, Amman, Jordan, June 7 – June 9, 2011
Conference Blog: http://microlinks.kdid.org/learning-marketplace/blogs/sanabel-annual-conference-plenary-panel-%E2%80%9Cstate-sector%E2%80%9D-and-impacts-politi
Event Name: Sanabel’s Eighth Annual Conference – “Microfinance in the Arab Region: Challenges of the Past and Opportunities of the Future”
Event Date: June 7, 2011 to June 9, 2011
Event Location: Le Meridien Hotel, Amman, Jordan