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        MICROFUND FOR WOMEN

        Signature(s)

        Amount
        € 2,000,000
        Countries
        Sector(s)
        Jordan : € 2,000,000
        Services : € 2,000,000
        Signature date(s)
        5/11/2014 : € 2,000,000
        Other links

        Summary sheet

        Release date
        22 April 2014
        Status
        Reference
        Signed | 05/11/2014
        20140018
        Project name
        Promoter - financial intermediary
        MICROFUND FOR WOMEN
        MICROFUND FOR WOMEN
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 2 million
        Not disclosed.
        Location
        Sector(s)
        Description
        Objectives

        Senior loan under global authorisation to finance microcredits in Jordan.

        Senior unsecured loan to Microfund for Women (“MFW”), a Jordanian not for profit microfinance institution. The operation will back the development of the local financial sector for the on-lending to micro-projects, and bolster support for the private sector and the development of microenterprises. The investment will contribute to support poverty reduction and social inclusion through the promotion of decent work conditions and access to essential services, including funding, for micro-enterprises.

        Environmental aspects
        Procurement

        N/A

        N/A

        Comments

        The loan amount will be the JOD counter value of up to EUR 2 million.

        Other links

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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