Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description:
Microfund for Women is a nonprofit microfinance institution that aims to help underserved entrepreneurs in Jordan access credit. To increase access to financial services to all marginalized communities, including refugees and older adults, they do not require collateral on their loans. Additionally, Microfund for Women focuses on developing innovative products and services, such as education loans, to accompany their traditional small business loans. 

Microfund for Women also provides non-financial services to empower their clients and comprehensively support their borrowers. These services include a microinsurance program, a business development program and other initiatives that help borrowers develop the skills to succeed as entrepreneurs. While Microfund for Women serves both women and men, the majority of their borrowers and staff are women. 

A unique lending approach:
Since Microfund for Women is the largest microfinance institution in Jordan, they are able to develop innovative loan products that can specifically meet the needs of entrepreneurial women. These innovations include supporting start-up businesses, refugees, retired women and any other population who is left out of conventional financial services. 

Loans funded by Kiva lenders will help Microfund for Women create and scale their newest and most innovative loans to increase their impact throughout Jordan.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 20, 2017 Oct 12, 2005
Total Loans $481,700 $1,342,243,800
Amount of raised Inactive loans $0 $1,129,300
Number of raised Inactive loans 0 1,461
Amount of Paying Back Loans $426,875 $147,423,550
Number of Paying Back Loans 554 194,726
Amount of Ended Loans $54,825 $1,193,690,950
Number of Ended Loans 47 1,537,959
Delinquency Rate 2.37% 10.51%
Amount in Arrears $5,991 $9,735,701
Outstanding Portfolio $233,549 $92,639,883
Number of Loans Delinquent 72 57,667
Default Rate 1.66% 1.76%
Amount of Ended Loans Defaulted $908 $21,037,796
Number of Ended Loans Defaulted 1 51,424
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,195,382
Refund Rate 0.26% 0.59%
Amount of Refunded Loans $1,275 $7,939,025
Number of Refunded Loans 1 7,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 95.39% 76.42%
Average Loan Size $798 $394
Average Individual Loan Size $801 $609
Average Group Loan Size $1,142 $1,762
Average number of borrowers per group 2 7.7
Average GDP per capita (PPP) in local country $6,100 $5,773
Average Loan Size / GDP per capita (PPP) 13.09% 6.82%
Average Time to Fund a Loan 12.16 days 7.13 days
Average Dollars Raised Per Day Per Loan $65.67 $55.26
  Average Loan Term 17.86 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 16 796,440
  Journaling Rate 15.07% 43.15%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY 34.00% PY 25.24% PY
  Profitability (return on assets) 3.48% 6.8% -1.43%
  Average Loan Size (% of per capita income) N/A 14.00% 12.96%

Country Fast Facts

Field Partner Staff

Manal Abdullah
Ghada Al-Shobbak
Bdour Alhyari
Mohammad Ebbeni
Aseel Hamdan
Duaa Naseraldeen
Lama Totah
Shatha Yousef