Amman-Jordan: “Tanmeyah” Jordan Microfinance Network with the support of the European Union held a press conference on Monday 25/11/2019 to share with the media the findings of the market studies already conducted through the support of the EU delegation in Jordan.

The results of studies into the microfinance sector show the sector’s commitment not only to abide by the best global practices and rules but also to take into account the social dimension of business.

The studies explore several aspects of the sector, such as the market gap between supply and demand, informal lending practices, social performances of the microfinance sector and an evaluation of its business environment.

The studies also covered structural challenges that negatively influence the “formal” microfinance sector and limit its development and growth.

Government taxes, informal lending practices in firms not registered with the Ministry of Industry, Trade and Supply and individual lending practices have had “the most negative impact on clients”, according to studies results.