FINCA Microfinance
FINCA Jordan launched in 2007 with its head office in Amman. FINCA Jordan immediately set to work expanding financial inclusion around the country. From the beginning FINCA Jordan has put an emphasize on designing financial products and channels to meet the needs of Women in the country. In 2017, the institution reached a major millstone when it received a microfinance license from the Central Bank of Jordan, the first institution in the country to be licensed under the regulations introduced in 2016. On February 2020, FINCA Microfinance Company PLC (FINCA Jordan), FINCA Impact Finance’s subsidiary in Jordan, it received Smart Certification in recognition of its long-standing commitment to client protection. This designation came after a rigorous independent review process found it has continued to uphold industry-leading client protection standards in providing responsible finance. This was renewed and replaced by Gold one in 2023. Now going by the name FINCA Microfinance Jordan, it has served more than 300k customers across Jordan through a network of 17 branches located throughout the country and through growing digital channels. It has a gross loan portfolio of nearly $20 million at the end of September 2024. The institution offers a range of responsible financial services specializing in individual, group and business loans. Female clients make up more than 88% of the client base in a country where the average women are 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.
About the General Manager
Kabir is with FINCA Jordan since 2019 while with FINCA Network since 2015. Currently he is the Acting CEO for the Company since June 2024 and also full time CFO since 2019. Previously, Kabir worked as CFO with another FINCA Subsidiary for more than 4 years. Before FINCA, Kabir was working with Deloitte in Audit & Assurance Department. There, he led the team in Statutory Audits of major financial institutions including FINCA, various Banks, Telecom, Trading, Oil and Gas industry and other development institutions in multiple countries. As CFO Kabir handled two subsidiaries in FINCA Network for over a year in COVID crises situation and worked with managements, board and other stakeholders to bring the subsidiaries out of the crisis’s situation.
He possesses a great deal of experience in the fields of strategy formulation, its implementation and monitoring, team management, financial analysis, project handling, financial decision making, budgeting, financial management, accounting, and regulatory requirements & reporting. He raised millions of dollars in borrowings / fund raising, both locally and internationally for different countries. Involved in countless lender restructurings, workouts, and intense negotiations to ensure the good standing of the companies. Kabir built and maintained partnerships with strategic lenders, donors, vendors of major technological enhancements that contributed to the overall growth of the organizations. He also managed and oversaw the management of financial resources, liquidity, capital market, treasury management, cashflow management, contingency plannings, funding strategies, Risk management, investment, risk and compliance management and covenant management for over 8 years in my working experience. Further he has extensive knowledge and experience in changing business model towards digitization, innovation and efficient use of existing resources. In order to contribute towards the business technological changes, have worked extensively on Return on Investment on innovation and IT strategic initiatives, its risk management, data analytics for decision making, performance metrics, have created and tracked KPIs to business. He has more than seven (9) years of experience in microfinance industry while a total of 16 years of experience in different fields relating to strategical decision making, accounting, financial management and auditing. Kabir has completed his CA article ship of Institute of Chartered Accountants of Pakistan from Deloitte Pakistan. He is a Chartered Accountant (ACA), Certified Professional Accountant (CPA-UK) and possess a graduate degree in Economics and Statistics from University of the Punjab Lahore Pakistan.
Contact Info
P.O. Box and Postal Code: P.O. Box (1559), Amman 11821, Jordan
Phone Number: 5373070 / 5373071
Fax Number: 4638889
Phone Number: 5373070 / 5373071
Fax Number: 4638889
Customer Complaints Contact Information
Contact Info
P.O. Box and Postal Code: P.O. Box (1559), Amman 11821, Jordan
Phone Number: 5371553
Toll-Free Phone Number: 080022057
Fax Number: 5373072