Nisreen Al-Khasawneh in a comprehensive discussion about microfinance companies in Jordan.
Press Release Link:https://albaladnews.net/article/394307
Khasawneh: “Tanmeyah’s role lies in advancing microfinance and achieving sustainable development in Jordan.”
“What distinguishes Tanmeyah members is their extensive reach across the Kingdom’s governorates and remote areas, alongside their financial and administrative independence.”
“Building a Sustainable Business Environment: Tanmeyah’s Strategy to Strengthen the Microfinance Sector in Jordan.”
In an exclusive and insightful interview, Dr. Nasreen Al-Nasser Al-Khasawneh, General Manager of Tanmeyah – the official Microfinance Network in Jordan, spoke about the network’s role in enhancing and growing Jordan’s economy and developing the microfinance industry in the Kingdom.
When and why was the Tanmeyah Microfinance Network in Jordan established? What is its significance in Jordan’s national economy?
Dr. Nasreen highlighted the beginnings of the microfinance sector in Jordan in the mid-1990s. Tanmeyah was established in 2007 as a formal, nonprofit entity registered under the Ministry of Industry and Trade, replacing the Microfinance Association. The network aims to develop a sustainable microfinance industry and integrate it into Jordan’s formal financial system. Tanmeyah supports the sector by raising awareness of microfinance’s importance in combating poverty, fostering entrepreneurship, and promoting self-employment and innovation. These efforts address unemployment and contribute to economic growth.
Tanmeyah also participates in creating a favorable regulatory environment for the sector and provides essential data, benchmarks, and performance standards, benefiting the microfinance sector at large.
What is the importance of Tanmeyah, and what does it focus on?
Tanmeyah’s strength lies in its position as the official representative of the microfinance sector in Jordan. Its pillars include:
- All members are licensed by the Central Bank of Jordan.
- High professional reputation in managing small and medium-sized projects.
- Official representation with key stakeholders: the Central Bank, government bodies, international organizations, and civil society.
- Contribution to economic growth, poverty reduction, and better living standards.
- Periodic issuance of sector performance reports.
- A network of 212 branches across the Kingdom.
- Active client base of 456,511 by the end of 2023, with women comprising 61% of clients.
- Serving marginalized groups excluded from traditional banking services.
- Supporting youth innovation and self-employment.
- Enhanced operational efficiency through technology and digital channels.
What services does Tanmeyah provide to its member institutions?
Tanmeyah offers a range of services, including:
- Market Research and Reporting: Conducting studies to provide actionable insights for market trends and customer needs.
- Comprehensive Database Establishment: Enabling informed decision-making through integrated sector data.
- Capacity Building for Employees: Providing tailored training programs to improve service delivery.
- Advocacy and Policy Support: Engaging with stakeholders to improve regulatory frameworks and introduce new products.
- Raising Awareness: Promoting financial literacy and the importance of microfinance across diverse demographic groups.
- Transparency and Governance: Strengthening sector integrity and building partnerships.
- Encouraging Innovation and Entrepreneurship: Highlighting success stories and fostering a culture of creativity.
Awards and Recognition
Tanmeyah has received two prestigious international awards:
- Institutional Excellence in Business and Community Service.
- Outstanding Leadership Excellence Award for Dr. Nasreen Khasawneh.
These awards, granted by the World Confederation of Businesses (WORLDCOB), recognize Tanmeyah’s leadership in driving community impact and innovation.
