14 September, Amman- The Jordan Micro Credit Company (Tamweelcom) distributed 2000 school bags, half of which went to thirty schools located in poverty pockets and under-privileged areas in the Kingdom, while the other half went to the children of the productive poor among the Company’s clients.

This socially-characterized campaign is part of the “Saifak Ala Keifak” (Summer as You Wish) that Tamweelcom launched in the middle of this year, as well as part of the Tamweelcom’s Educational Fund initiative that was launched in 2007.

The initiative aims to put an end to the phenomenon of school drop-out that is prevalent in the Kingdom’s schools and that is resulting from the difficult economic circumstances suffered by families. The initiative seeks to provide school requirements and needs, in terms of uniforms, books and stationary, as well as the daily fees and expenses for participating students.

Tamweelcom CEO, Ziad Al-Refai said that “the process of selecting candidates to receive the non-financial services from the clients and members of the local community is performed on the basis of social and economic standards defined by Tamweelcom according to points on the clients’ loyalty card, and this includes the family’s income, the number of employed members, the place of residence, and other factors.”

Al-Refai indicated that Tamweelcom has social indicators specific to its clients, through which it is able to determine their social status and social level compared with the official poverty indicators.

Al-Refai stressed “the importance of efforts exerted by Tamweelcom in the context of its social performance management program, the first phase of which was implemented as of this year.”

Tamweelcom is a non-profit 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 127 thousand projects have been financed using more than JD 59 million, 95% of the projects were for women.

Star