FINCA Jordan launched in 2007 with its head office in Amman. The institution immediately set to work expanding financial inclusion around the country, opening branches in the Al-Hussein and Hitten districts of Amman in 2008. From the beginning, FINCA Jordan has put an emphasis on designing financial products and channels to meet the needs of women in the country.
In 2017, the institution reached a major milestone when it received a microfinance license from the Central Bank of Jordan, the first institution in the country to be licensed under new regulations introduced in 2016.
Now going by the name FINCA Microfinance Jordan, it serves more than 30,000 clients through a network of nine branches and six sub-branches located throughout the country and through growing digital channels. It has a gross loan portfolio of nearly $33 million. The institution offers a range of responsible financial services specializing in individual, group and business loans.
Female clients make up more than 92% of the client base in a country where the average woman is nearly twice as likely than a man to be unbanked. FINCA Jordan reaches many women clients through its Women’s Solidarity Loan, a credit product designed to provide crucial seed capital to women entrepreneurs. It also provides a space for women to come together and share experiences and opportunities—impacting individual women and contributing to a broader social transformation in the country.
FINCA Microfinance Jordan has earned a strong reputation in the country because of its commitment to the well-being of its clients. The institution embodies the FINCA Impact Finance purpose of providing innovative and impactful financial services to enable individuals and communities to invest in their futures.
In 2020, FINCA Microfinance Jordan receive SMART certification, in recognition of its long-standing commitment to robust client protection principles.