Fouad is a 42-year-old married man with four children. He is from Al Baqaa, Jordan. He works in a beauty salon and has over 20 years of experience. He started his business with 3,000 JOD and now his goods are worth 10,000 JOD.
Fouad is requesting an 1,800 JOD loan to pay for redecorating his beauty salon and to buy cosmetics to sell. In the future, he would like to become a tutor for new cosmetology graduates. Fouad also would like to buy a house.
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.