Loan Illustration

My current success is due, after God's blessings, to micro lending. Thanks to it, I have been able to work for 10 years and to open my own business and make it …

Services Services

Jordan Jordan

Loan amount €1,900

Funded 98%

by 15 members

Loan fully repaid by the entrepreneur

Disbursement date: 10/01/2013
Final repayment of the loan: 06/01/2015

MicroWorld's investors have funded: €1,900

Nawal - Purchase tools


First name: Nawal
Gender: Female
Age: 63
Marital status: Widowed
Number of children: 3
Region: Nazzal

Loan Request

Purpose: Purchase tools
Amount: €1,900
Duration: 20 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

My current success is due, after God's blessings, to micro lending. Thanks to it, I have been able to work for 10 years and to open my own business and make it keep going. With this loan I will buy necessary items and tools for my hair salon. I wish to have another beauty shop to serve more people in the future.

Economic and social context



Over the last decades, Jordan assumed an important economic and demographic growth, which also benefited to the microfinance sector.
Country's key figures - source Worldbank
Population 6,181,000
GNI per capita 5,930 $
Economic Growth 2,5%
Population below the poverty line 13,3% (2009)
Unemployment rate 12,8% (2009)
Literacy rate (above 15 years of age) 37%
Life expectancy 73,4 ans

MFI Status

This loan is managed locally by our field partner MFW which is in charge of administrating the loan and repaying MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
  • The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
  • The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
  • More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.




Located in the capital of Jordan, Amman, MFW offers loans in the goal of helping entrepreneurs, in particular women, to become income earners and decision makers in their social and economical life. MFW, as a private non profitable microfinance institution, provide services in urban and semi-rural areas through a network of 36 branches.

Key figures - Mars 2013
Legal statusLicensed MFI
Number of borrowers66,587
Gross Loan Portfolio$26,550,454
Average loan balance385.6$
Average interest rate for borrowers2.7% per month
Number of personnel
PAR (Portfolio at Risk)0,99%
Social indicators
Average loan balance per borrower / GNI per capita9,78%
Percentage of women borrowers97%
Collaterals requiredNo
Early repayment/administrative feesNone
Insurance offeredYes
Number of clients with credit life insurance66,314
Daily compensation in case of hospitalization45,855