29 June 2009, Amman - The Jordan Micro Credit Company (Tamweelcom) has been nominated for the international Award ‘Giordano Dell’Amore Microfinance Best Practices Award, the award in its first version is aimed at encouraging microfinance institutions worldwide to be innovative and to provide various services to help micro-entrepreneurs and low income people with all means possible.

Tamweelcom received a certificate of appreciation in the annual European Microfinance Network conference that was held in Milan, Italy under the title “innovation and sustainability in the microfinance sector in the world “ in co-operation with European Microfinance Network.” Tamweelcom is one of five institutions nominated from among 42 institutions that had applied for the award through a committee made of different countries to select the winner and the nominees. The five nominees come from Salvador, Ecuador, Argentine, Kenya and Jordan.

Tamweelcom’s CEO Ziad Al-Refai said that the Company received a certificate of appreciation for its innovative model of comprehensive services (micro-value chain services) that are provided to micro-entrepreneurs and poor producers and that include training, financing and marketing services, as well as local community service. The award was received by a non-profit microfinance institution from Argentine for its home improvement program, especially the natural pipeline program, which is an innovative financial system for the implementation of general work through societal participation.

Tamweelcom is a non-profit company and is the first and pioneering microfinance company 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 115 thousand projects have been financed using more than JD 56 million, 95% of the projects were for women.

Jordan Times
29/6/2009