Othman, from Al Ashrafieh-Amman, is an ambitious 22-year-old. He has his own carpentry business.
Othman began his business as a small carpentry shop to help his father support their family. After a short period of time Othman could buy a bigger shop through his exceptional talent and hard work.
Othman is requesting a loan of 1500 JD to buy wood and expand his business. He is looking to import wood from outside and sell it locally so that he can help his family financially and provide them with better living conditions.
Tamweelcom was ranked among the top ten microfinance institutions worldwide in 2007 and 2008 by the Microfinance Information Exchange (MIX). Tamweelcom offers loan products tailored to the needs of micro-entrepreneurs in Jordan, including vocational and solar power loans, loans for aspiring entrepreneurs starting a project from home, and loans for established small businesses. Tamweelcom’s non-financial services include training and permanent showrooms for clients to develop and market their products, as well as educational grants for children to attend private school. Through a partnership with Jordan’s largest telecommunications company, Tamweelcom is the first microfinance institution in the Middle East and North Africa to allow clients to make monthly loan repayments with their mobile phones.