Tamweelcom 3 (IFC-40533)

  • Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 13, 2018

Disclosed by Bank Jan 25, 2018

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Project Description

This project provides financing to the Jordan Micro Credit Company, or Tamweelcom, to support increases in lending to individual entrepreneurs, micro, and very small enterprises in Jordan.

Investment Description

The Project consists of a Jordanian Dinar-linked senior loan of up to USD 10 million for IFC’s own account.

Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description

Jordan Micro Credit Company, one of the largest MFIs in Jordan, was established in 1999 and is owned by Noor Al-Hussein / Kind Hussein Foundation, a non-profit, non-governmental organization.  It employs 495 people and serves over 85,000 borrowers, about 86% of which are women, by offering individual and group loans through a network of 34 physical branches and 2 mobile branches spread across urban and semi-rural areas throughout Jordan.

Contact Information

Jordan Micro Credit Company “Tamweelcom”
Ali Abdel Jabbar
Executive Director
+962 6 5354337 Ext. 101
Kheir Al Dein Al Maani Street – Jureesat Centre 2, Amman, Jordan 11214

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