Wedad is a 51-year-old married woman with four children from Al Karak, Jordan. She is requesting a 600 JOD loan in order to allow her to buy additional used clothing for resale. Wedad buys used clothing from Kuwait and then sells it. In the future, she is planning to start retailing used furniture, in order to further improve the living conditions of her 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.