Tanmeyah Members’ Performance Report Q3 2017
Jordan Microfinance Network – Tanmeyah - was established and formally registered as a non-profit institution at the Ministry of Industry and Trade in 2007 and was incepted to become the official representative for the microfinance institutions (MFIs), replacing the Microfinance Association of Jordan (MAJ), which was operating at that time. The sector was formed in 1994 with the launch of a pilot lending scheme in Amman. Today, the industry is comprised of seven professionally run institutions that follow world-class lending practices and are self-sustainable.
Microfinance has proved to be a powerful and effective tool in empowering Jordan’s entrepreneurial poor to increase their family income and contribute to socio-economic growth. This report provides an overview of the microfinance sector in Jordan, and looks at the progress in achieving the network’s main objective - developing a sustainable microfinance industry in the region.
