The sector was formed in 1994 with the launch of a pilot lending scheme in Amman. Today, the industry is comprised of seven professionally run institutions that follow world class lending practices and are self-sustainable, meaning they do not rely on grants or subsidies for continuity.
Initially the sector focused primarily on group and business purpose lending but, based on demand, has evolved significantly to include individual enabling and supporting loans and products such as educational loans, life insurance and business development services concentrating on productive households and low income segment quality of living.
Microfinance has proved to be a powerful and effective tool in empowering Jordan’s entrepreneurial poor to increase their family income and contribute to socio-economic growth.
Tanmeyah’s members prove their capability to grow on sustainable and solid bases envisioned through strong operational performance and the sustainability of the services provided.