Microfund for Women (MFW) is Jordan’s first and largest Non-For-Profit Private Shareholding Company. 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 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 understanding the needs of their beneficiaries and serving them efficiently.
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. Being a beneficiary centric institution has led the organization to move beyond its core business of assisting individuals to fund their businesses and families, through establishing and expanding a Learning Academy, which is an umbrella to a wide range of customized non-financial services. The Learning Academy offerings include educational courses and e-learning programs that help beneficiaries develop their skills. MFW also launched a specialized store called Souk Baladna to market beneficiaries’ products and support their homes and small businesses. In addition, MFW offers a micro-insurance program to assist beneficiaries in protecting themselves and their families in times of sickness and emergency.
Microfund for Women (MFW) is also keen to further increase its impact by continuously targeting new segments of the population, including refugees and startups.