News

02.18.2011

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Jordanian microfinance makes waves with women

Source : Zawya.com

In Jordan, the majority of microloans go to women borrowers. Women make up 70% of borrowers according to a report presented in Amman on 16 January by Sanabel, the Microfinance Network for Arab countries. This trend will likely continue since Jordanian MFIs plan to continue targeting women borrowers. Local MFIs justify this preference for two main reasons: microloans provided to women benefit the entire family; men tend to get deeper into debt and are therefore at greater risk of non-repayment.
Jordan is a healthy environment for microfinance. The number of borrowers has gone up by 48% between 2007 and 2009.

Traduction Catherine Jan

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