Ammon News - AMMONNEWS - During the first quarter of 2010, the Jordan Micro Credit Company (Tamweelcom) will consider providing new financial and non-financial services to meet the needs of its clients of productive poor and low income people.

Under its motto “Tamweelcom … more than a loan”, Tamweelcom has aimed, since 2007, to entrench the importance of providing loan services to entrepreneurs and low income people, as well as non-financial services that have an effective impact on clients’ enterprises and their social welfare.

Tamweelcom’s CEO Ziad Al-Refai said that “Tamweelcom has adopted in 2009 one of the most important aspects that microfinance seeks to fulfill through the services it provides, namely the environmental aspect. This is accomplished by providing solar systems to its clients on the basis of paid installments. In the upcoming years, Tamweelcom will seek to strengthen the environmental impact of microfinance, in addition to what it provides in terms of services that have a social impact, such as the series of comprehensive non-financial services which include training and marketing.

As such, Tamweelcom, being a leading company in the microfinance sector, has become a model for its counterparts in the field, providing comprehensive services that have an environmental, social and economic impact all at once.”

Tamweelcom has achieved many accomplishments during 2009, most significantly receiving an “A” rating in performance assessment conducted by Planet Rating Agency, and the Social Innovation Award presented by Schwab Foundation for Social Entrepreneurship, as well as the Seal of Excellence in its first participation in the King Abdullah II Award for Excellence, where it received second place among 41 private organizations that competed for the Award, in addition to SANABEL’s Award for microfinance performance.

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 JD 66 million, 96% of the projects were for women.