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LanguageEnglish
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Resource TypeOther
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Uploaded By
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Date Added2017-02-22
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Corporate AuthorshipCommunity Development Group Chemonics International Inc.
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AMIR program launched a campaign to create a sustainable microfinance industry in
Jordan. Within two years, in addition to Microfund for Women (MFW), three sustainable
microfinance institutions: the Ahli Microfinancing Company (AMC), the Jordan Micro Credit
Company (JMCC), and Middle East Micro Credit Company (MEMCC, formerly the Jordan
Access to Credit Project implemented by Cooperative Housing Foundation International), were
established. USAID has committed more than JD28 million (US$40 million) to developing a
sustainable microfinance industry in Jordan. Each of these microfinance institutions (MFIs) has
performed remarkably. As of April 2004, the four USAID-supported MFIs had a weighted average
financial sustainability of 127 percent and repayment rates of 96 percent. Since their inception,
they have extended loans worth more than JD 53 million (US$75 million) on a cumulative basis.
With a combined total of 26 branches around the Kingdom, these institutions serve nearly 15,500
active clients, more than 80 percent of which are women.