The Jordan Micro Credit Company (Tamweelcom) and the Jubilee School, both owned by the King Hussein Foundation, have signed a cooperation agreement through which nine scholarships will be provided to excelling students in remote and less fortunate areas, enabling those students to join the School and benefit from its programs and various activities.  The School provides a comprehensive and balanced educational and learning program for gifted and academically excelling students brought together from all parts of the Kingdom from a variety of social, economic and cultural backgrounds, which itself reflects the prevalent principles of pluralism, justice and democracy in Jordan.  Moreover, the School provides all the needs of students in terms of education and housing and other sport and entertainment services.  This cooperation among the King Hussein Foundation comprehensive projects aims to provide the best services for sustainable social development, as well as to help members of the local community, especially the poor and low income people.

The agreement aims to provide equal opportunities and scholarships to excelling students, as well as granting financial support to students’ projects.  Tamweelcom, through its Shabab Tamweelcom Initiative, which was launched by the Company for the purpose of encouraging youth engagement in the labor market and supporting their small enterprises, will deliver educational lectures and workshops to raise awareness among students and graduates about Tamweelcom’s products and programs.  This agreement also allows students of this School the opportunity to participate in Tamweelcom’s programs for local community development and to train on project management skills.  This is in addition to opportunities that allow students to participate in projects implemented by Tamweelcom through its community service program during the summer holiday.  The agreement also aims to increase and strengthen the role of microfinance enterprises in the area of youth education and to enhance the concept of fair opportunities for all excelling students regardless of living standards.

This agreement enhances Tamweelcom’s social mission that seeks to provide the best financial and non-financial services, as well as a variety of integrated health services in cooperation with the Institute for Family Health through the provision of “free medical days”, and its environment related responsibility through the provision of financial services that target micro entrepreneurs and low income people in order to allow them to purchase solar heaters, which directly curb environmental pollution and promotes the use of alternative sources of energy.

Tamweelcom is a non-profit company and is one of the pioneering microfinance companies in Jordan that endeavors to fight poverty and unemployment.  It was founded in 1999 and is owned by the Noor Al-Hussein Foundation (King Hussein Foundation).  More than 142315 projects have been financed using more than JD66 million, 96% of the projects were for women.

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