Financial Services
After a decade of working in the Jordanian market, Tamweelcom was able to amend, develop and create many products and services in order to meet the needs of all its clients regardless of their age, sex or social and educational backgrounds. Through extensive market studies and feedback from clients, Tamweelcom decided to provide two types of services: Financial Services and Non-Financial Services.
Financial Services
Financial services are loan services provided to micro-entrepreneurs and small business owners. They are provided according to specific mechanisms and procedures adopted by Tamweelcom at its head office in Amman or at any of its many branches set up in the Kingdom to serve the largest number possible of clients. These services can be summarized as follows:
 The Cooperative Loan
 Target Group
The cooperative loan is aimed at women developing home-based projects and/or small unlicensed projects. The “cooperative loan” provides loan services to groups of females and not individuals, where members of a group ranges between 2-7 women, each of whom receives an equal share of the loan and make repayments in equal installments as well.
Loan Amount and Repayment
The amount of the Group Cooperation Loan ranges between JD200-JD600 and is re-paid in simple monthly installments within a period ranging between 13-15 months.
Required Guarantees
No guarantees are required, since the members of each group act as guarantors for one another.
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The Hope Loan
 Target Group
The Hope Loan is aimed at both male and female micro-entrepreneurs developing home-based projects and small unlicensed projects.
Loan Amount and Repayment
The amount of the Hope Loan ranges between JD300-JD1500 and is re-paid within a period ranging between 10-20 months.
Required Guarantees
The recipient of the Hope Loan provides personal and/or in-kind guarantees through simple and easy procedures.
Loan Characteristics
- Free loan insurance.
- Discounted and appropriate administrative fees for loan renewals.
- Cancellation of all administrative fees on last three installments in the case of early renewal.
- The loan presents a large variety of exceptional non-financial services and prizes free-of-charge.
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The Vocational Loan
 Target Group
The Vocational Loan is aimed at both male and female graduates from the Vocational Training Corporation. The target groups for this Loan are divided into two types of beneficiaries: individuals who own existing projects, and individuals who own projects that are under establishment. Projects may be licensed or unlicensed.
Loan Amount and Repayment
The amount of the Vocational Loan ranges between JD500-JD3000 for both types of beneficiaries and is re-paid within a period ranging between 4-24 months for owners of projects under establishment and between 1-18 months for owners of existing projects.
Required Guarantees
The recipient of the Vocational Loan provides personal and/or in-kind guarantees through simple and easy procedures.
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The Progress Loan
Target Group
The Progress Loan is aimed at both male and female micro-entrepreneurs of licensed projects.
Loan Amount and Repayment
The amount of the Progress Loan ranges between JD1500-JD5000 and is re-paid in easy monthly installments within a period ranging between 4-24 months.
Required Guarantees
The recipient of the Progress Loan provides all the necessary guarantees through simple and easy procedures, and the recipient is not required to pay additional fees related to the loan application.
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The Pioneer Loan
 Target Group
The Pioneer Loan is aimed at both male and female micro-entrepreneurs of licensed projects.
Loan Amount and Repayment
The amount of the Pioneer Loan ranges between JD5000-JD25000 and is re-paid in easy installments within a period selected by the client and ranging between 4-24 months.
Required Guarantees
There are no fees on the Pioneer Loan application, but the recipient provides personal and/or in-kind guarantees through simple and easy procedures.
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The Seasonal Loan
Target Group
The Seasonal Loan is aimed at all of Tamweelcom’s clients who own licensed and unlicensed small projects and whose projects require additional funding during specific seasons, such as Ramadan, the holidays, the new year, going back to school, and others.
Loan Amount and Repayment
The amount of the Seasonal Loan is JD150 and is re-paid within a maximum period of six months.
Required Guarantees
There are no guarantees as there are no fees on the Loan application. Moreover, this Loan is not subject to the Takaful (Solidarity) Fund.
Loan Characteristics:
- Client is permitted to have a dual loan with the Cooperative Loan.
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 Tawasol Loan
Target Group
Tawasol loan is aimed at Tamweelcom’s active Group and Hope clients with at least four payments without arrears.
Loan Amount and Repayment
The amount of Tawasol loan is ranges between JD 100- JD 200 and is re-paid in easy installment within a period selected by the client and ranging between 6-10 months.
Required Guarantees
The recipient of the Solar Loan provides all the necessary guarantees through simple and easy procedures.
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The Solar Loan
Target Group
The Solar loan is aimed at both mail and female governmental and private sector employees, retired employees(pension fund employees), army and national security employees, MASME’s and Tamweelcom’s clients.
Loan Amount and Repayment
The amount of the Solar loan ranges between JD315-JD620 and is re-paid in easy installment within a period selected by the client and ranging between 12-25 months.
Required Guarantees
There are no guarantees as there are no fees on the loan application.
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Loans Characteristics
- Free loan insurance.
- Discounted and appropriate administrative fees for loan renewals
- Cancellation of all administrative fees on last three installments in the case of early renewal
- The loan presents a large variety of exceptional non-financial services and prize free-of-charge
- Possibility of granting the client a grace period of up to five months
- In cooperative loan no guarantees are required, since the members of each group act as guarantors for one another.
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