Mahmoud is a 39-year-old married man from Al Russeifeh, Amman, Jordan and a father of three chidren.
Mahmoud has a shop for repairing shoes. He started his business with only one machine for repairing shoes then he purchased an additional machine to meet the needs of the market.
Now, Mahmoud is requesting a loan of 1500 JD to purchase a new machine for repairing shoes and he is looking to purchase more new equipment to enlarge his business so as to increase his family income.
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.