Microfund for Women

What Microfund for Women does

Microfund for Women (MFW) is Jordan's first and largest non-profit microfinance institution, established in 1996 and operating under the supervision of the Central Bank of Jordan as a private non-profit shareholding company that does not distribute profits. It targets low-income women and underserved micro-entrepreneurs, with 94% of its loans directed to women; as of recent reporting it serves 100,900 active borrowers (93,620 women) and has disbursed more than 1.7 million loans totaling over 1 billion JOD across 30 years. MFW commands roughly 30% of Jordan's microfinance market and runs 60 branches covering all 12 governorates, supplemented by field-based credit officers, an online lending portal (E-MFW), a mobile app, and the Mahfazti digital wallet integrated with Jordan's national eFAWATEERcom payment system.

Its product portfolio is built around nine loan products (Tadamon group loans, Ashanak individual loans, Taqati green-energy loans, Tahseen El Manzel home-improvement loans, Omoumi public-vehicle loans, Taaleemi educational loans, Omouma maternity loans, Mashrouak Maana business-development loans, and Makanak Maana loan-consolidation), with effective annual interest rates ranging from 5% (Mashrouak Maana) to 21% (Tadamon, Ashanak, Omoumi). The "More Than a Loan" model wraps these credit products with Afiyatuna microinsurance (270,930+ beneficiaries), Tatbiq Tibbi medical consultations (207,488+ users), Amani microsavings, an E-Learning Academy, the Souk Baladna e-commerce marketplace, university scholarships, and training/incubation programs. Pricing follows a monthly reducing-interest methodology, and revenue derives primarily from loan interest, embedded microinsurance premiums, and ancillary service fees.

The go-to-market blends field-based lending with digital channels and partnerships: credit officers conduct on-site assessments, branches handle disbursement and servicing across all governorates, and a community/events program (bazaars, exhibitions, free medical days) supports beneficiaries. Recent strategic partnerships — including a US$2M Green Economy Financing Facility with EBRD and the Green Climate Fund (2022), a ride-hailing financing alliance with Jeeny and Bustami & Saheb (December 2025), an early-childhood-education partnership with Fudoolio Fund (January 2026), and a digital-skills training collaboration with the Ministry of Digital Economy — extend the addressable market into climate lending, gig-economy mobility, and social-services verticals.

Name

Microfund for Women

Legal name

Microfund for Women

Website

https://microfund.org.jo

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

Microfund for Women is Jordan's largest non-profit microfinance institution, serving 100,900 active borrowers (94% women) through nine loan products, digital wallet, microinsurance, and training, delivered via 60 branches across all 12 governorates.

Ownership category

akta.pro rank

Product category

Microfinance

NAICS

Nondepository Credit Intermediation (5222), Other Nondepository Credit Intermediation (52229)

SIC

Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

Microfinance, Financial Inclusion & Inclusive Markets (BPAGABAM), Microenterprise Group Lending (Joint Liability) (FSAKAGAH)

Keywords

• Microfinance lending
• Women's economic empowerment
• Microinsurance services
• Financial inclusion
• Small business financing

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Microfinance Interest Income: Primary revenue from interest on micro loans. Reducing interest rates ranging from 0% to 21% annual depending on loan product type. Loan amounts from 250 to 25,000 JOD with repayment periods of 4 to 60 months.
2. Microinsurance (AFIYATUNA): Medical microinsurance program providing hospital expense coverage. Over 353,000 beneficiaries. Revenue from insurance premiums embedded in loan products.
3. Non-Financial Services: Training, marketing support, networking opportunities, bazaar participation - primarily free services as part of the 'More Than a Loan' value proposition. These support loan portfolio health rather than generating direct revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Microfund for Women is a non-profit microfinance institution providing small loans (250 to 25,000 JOD) primarily to women and underserved populations in Jordan across nine specialized loan products (group solidarity, individual, green energy, home improvement, vehicle, education, maternity, business development, and debt consolidation). It supplements lending with Afiyatuna microinsurance, digital wallet (Mahfazti), E-MFW online platform, business training, university scholarships, and a Souk Baladna marketplace for beneficiaries.

Product overview

Microfund for Women is a non-profit microfinance institution offering a comprehensive suite of financial and non-financial services. The core offering consists of nine distinct loan products addressing specific needs: Tadamon (group solidarity loans), Ashanak (individual loans), Taqati (green energy), Tahseen El Manzel (home improvement), Omoumi (vehicle), Taaleemi (education), Omouma (maternity), Mashrouak Maana (business development), and Makanak Maana (loan consolidation). These financial products are complemented by a digital services ecosystem (E-MFW) including an online lending platform, mobile application, and E-Wallet. Non-financial services encompass Afiyatuna microinsurance, Tatbiq Tibbi medical app, Amani microsavings, the Learning Academy for training, university scholarships, and the Souk Baladna marketplace. The portfolio follows a 'More Than a Loan' approach, providing integrated support across Fund Yourself, Protect Yourself, and Develop Yourself pillars.

Differentiator

Problem solved

Functional benefit

Brands

• Tadamon Group Loan: Group solidarity loan for women (Tadamon financing)
• Ashanak Loan
• Taqati Green Energy Loan
• Tahseen El Manzel Home Improvement Loan
• Omoumi Public Vehicle Loan
• Taaleemi Educational Loan
• Omouma Maternity Loan
• Mashrouak Maana Loan
• Makanak Maana Loan
• Afiyatuna Microinsurance
• Tatbiq Tibbi
• Amani Savings
• E-MFW

Products and services

• Tadamon (Group Solidarity Loan) Group lending product for 2 or more women in the same area with mutual guarantees. Loan amounts 400 to 1,500 JOD, 12-26 month terms, with reducing monthly interest of 1.5%-1.75% (annual 18%-21%).
• Ashanak (Individual Loan) Individual microloan for new or existing beneficiaries. Loan amounts 400 to 2,000 JOD, 4-24 month terms, with reducing monthly interest of 1.5%-1.75% (annual 18%-21%).
• Taqati (Green Energy Loan) Green energy financing for renewable energy systems and energy-efficient appliances. Loan amounts 250 to 10,000 JOD, 4-60 month terms, with reducing monthly interest of 0%-0.8333% (annual 10%). 0% interest available through partner installment plans.
• Tahseen El Manzel (Home Improvement Loan) Home improvement and renovation financing. Loan amounts 1,000 to 10,000 JOD, 12-60 month terms, with reducing monthly interest of 1%-1.4% (annual 12%-16.8%).
• Omoumi (Public Vehicle Loan) Financing for public transport vehicle owners and app-based drivers. Loan amounts 800 to 3,000 JOD, with reducing monthly interest of 1.75% (annual 21%).
• Taaleemi (Educational Loan) Education financing for students at all academic levels covering tuition, computer purchases, and vocational training. Loan amounts 350 to 10,000 JOD, 4-36 month terms, with reducing monthly interest of 0.8% (annual 9.6%). Grace period up to 6 months.
• Omouma (Maternity Loan) Financing for pregnancy and delivery expenses. Loan amount 300 JOD, 15 month term, with reducing monthly interest of 1% (annual 12%).
• Mashrouak Maana (Business Development Loan) Small business project financing for micro and small enterprises. Loan amounts up to 25,000 JOD, up to 42 month terms, with reducing annual interest of 5% (lowest in market). Grace period up to 12 months. Includes COVID-19 recovery financing.
• Makanak Maana (Loan Consolidation) Debt consolidation service unifying multiple loan obligations into single payment. Loan amounts 500 to 10,000 JOD, up to 60 month terms, with reducing monthly interest of 1.3% (annual 15.6%).
• Afiyatuna Microinsurance Microinsurance program covering medical expenses for every night beneficiaries and their families spend at a hospital. Premiums embedded in loan products. Over 353,000 beneficiaries covered.
• E-MFW Online Lending Platform Digital financial services platform offering online lending, e-learning, and e-wallet through dedicated online and mobile applications. Enables beneficiaries in remote areas to apply for loans without visiting branches.
• Mahfazti (E-Wallet) Digital wallet enabling beneficiaries to receive loan disbursements and microinsurance claim payments electronically. Allows cash deposits/withdrawals, mobile transfers, utility bill payments via eFAWATEERcom integration, and ATM withdrawals 24/7.
• Learning Academy Training platform providing online and in-person courses for beneficiaries covering financial literacy, business skills, vocational training, and personal development.
• Amani (Microsavings Program) Microsavings program allowing beneficiaries to save money for a secure and financially stable future.

Quantifiable outcome

• 92.20% repayment rate demonstrating high portfolio quality
• +4 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Fudoolio Fund (صندوق فضوليو)coreStrategic or Co-development Partner · 1 January 2026Partnership with Fudoolio Fund (Fudoolio for Early Childhood Education) to support early childhood sector and enhance women's economic participation. Fudoolio provides training, capacity building, and quality assurance while MFW provides financing for kindergarten operators. Aim to create women-led early childhood education centers.
• Ministry of Digital Economy and EntrepreneurshipcoreStrategic or Co-development Partner · 1 January 2026Partnership through Digiskills Association under the Youth, Technology, and Jobs project. Provides workplace training programs for beneficiaries and MFW staff in digital skills and professional development. Graduated 124 participants in 2024 including 74 under digital empowerment track and 50 under career advancement track.
• Jeeny (جيني)coreStrategic or Co-development Partner · 1 December 2025Three-way partnership between Microfund for Women, Jeeny (ride-hailing app), and Bustami & Saheb Group. Enables beneficiaries to obtain financing for vehicle purchases to work in app-based transport. Jeeny provides the platform, Bustami & Saheb covers interest costs, and MFW provides financing for vehicle acquisition.
• PACES (Palestinian Association for Children's Encouragement of Sports)minorStrategic or Co-development Partner · 1 January 2021Agreement to support women whose projects were affected by COVID-19. PACES provides JD500 grants to 50 MFW beneficiaries with existing businesses impacted by the pandemic. MFW provides beneficiary lists, follow-up, and project monitoring.
• Ghiath and Nadia Sukhtian FoundationminorGTM or Marketing Partner · 1 January 2021Donor providing 3,000 educational tablets for distribution to children of beneficiaries. Supported remote learning initiatives during COVID-19 pandemic.
• Crown Prince Foundation, Naua, NahnuminorGTM or Marketing Partner · 1 January 2021Logistical partners for tablet distribution nationwide. Organized and managed volunteers for distribution across Jordan including Irbid, Ramtha, Jerash, As-Salt, Karak, Zarqa, Tafileh, and Dayr Allah.
• iLearnminorImplementation/ SI/ Consulting Partner · 1 January 2021Training partner providing special programs for children receiving tablets. Develops skills in mathematics, language learning (Arabic and English), and introduction to computer programming.
• Khattout (خطوات)minorStrategic or Co-development Partner · 1 January 2021Jordanian foundation supporting 50 women entrepreneurs' projects affected by COVID-19 pandemic. Provides grants across 3 phases to help women recover and sustain their businesses.
• SPARKminorGTM or Marketing Partner · 1 January 2020Organization specialized in entrepreneurship development in developing countries with support from Dutch Ministry of Foreign Affairs. Sponsored Intilaqati tourism competition in As-Salt providing grants and training to women tourism entrepreneurs.
• Salt Development CorporationminorGTM or Marketing Partner · 1 January 2020Local development organization collaborating on Intilaqati tourism competition for As-Salt. Supports promotion of economic sustainability through tourism entrepreneurship.
• CRIF JordancoreTechnology or Integration · 1 January 2019Credit Inquiry Service Agreement providing MFW with access to credit reports and financial services. Joins all Central Bank-licensed microfinance companies in accessing CRIF's services for transparent credit decision-making.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BRAC Microfinance: BRAC is the world's largest non-profit microfinance provider operating across multiple developing markets. Both share a non-profit, mission-driven model focused on financial inclusion for women, multi-product ecosystems combining credit with non-financial services, and reliance on donor and concessional funding rather than traditional equity capital.
• Opportunity International: Opportunity International is a global microfinance network providing small loans, savings, and insurance to entrepreneurs in developing countries. Similar women-focused mission, multi-country microfinance operations, and integrated financial-plus-training service model.
• Grameen Bank: Grameen pioneered group-based microfinance for women in Bangladesh and remains the archetypal MFI. Both share the women-focused lending model, group solidarity lending mechanics, and non-financial service integration (training, social programs) alongside credit delivery.
• Tamweelcom (Jordan): Tamweelcom is another licensed Jordanian microfinance company within the Tanmia network serving women entrepreneurs and micro-businesses. Direct competitor with overlapping loan products, similar target segments, and identical regulatory environment.
• Al-Amal Microfinance (Jordan): Al-Amal is one of Jordan's regulated microfinance companies under Tanmia network alongside MFW. Directly comparable as a Jordanian MFI competing for the same micro-entrepreneur and small-business borrower base, supervised by the same Central Bank, and operating in the same 30% MFI market.
• FINCA Impact Finance: FINCA operates a global network of microfinance institutions serving low-income entrepreneurs across Africa, Eurasia, Latin America, and the Middle East. Highly comparable in target customer (underserved micro-entrepreneurs, often women), product suite (microcredit, group lending, individual loans), and branch-led distribution in developing markets.

Peers

• ProCredit Bank:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/microfundforwomen

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Microfund for Women