Original Partner Description

Al-Watani (National Microfinance Bank) is a privately-owned, Jordanian, not-for-profit company that finances income-generating projects for underserved segments of the community, spreading a culture of microcredit and entrepreneurship throughout the country. We aim to implement a poverty alleviation strategy by significantly increasing the productivity of existing micro and small entrepreneurs of Jordan, particularly women. Our services also improve the standard of living of our clients through direct and indirect provision of sustainable lending and other financial services.

National Microfinance Bank focuses on meeting the needs and expectations of micro and small entrepreneurs, especially those market segments and geographical areas not served by other financial institutions. Al-Watani maintains its competitive edge in the market by designing, piloting and rolling out different flexible loan products; opening a wide network of decentralized branches; and building strategic partnerships.  One of Alwatani’s goals is to build a financially sustainable microfinance institution by employing cost efficient methodologies and accessing a broad variety of financing sources.

In March 27, 2006 under the patronage of Her Majesty Queen Rania and His Highness’ Prince Talal bin Abdul-Aziz, Al-Watani disbursed its first loans and opened three branches. We now have ten branches throughout Jordan and serve over 27,000 clients through a variety of loan products including, education, health, home-improvement and business-related loans in amounts ranging from 300 to 70,000 USD. The repayment period ranges between 1 to 48 months depending on the cash flow of the business and the type of loan. With our diverse financial service offerings, we aim to promote productive projects and enhance the livelihoods of underserved members of Jordan’s society.