Jamal is a 48-year-old married man from Al Zarqa, Amman, Jordan, who helps to support 5 family members. He is requesting a loan of 1,500 JOD to help develop and improve his current business selling mobile phones and cards for mobile phone credit. The loan will help him to increase the number of products that he sells. In doing so, he hopes to increase his income and better support his family.
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.