Overview of the Microfinance Sector
The microfinance sector in Jordan was established in the mid-1990s to provide financial services to individuals who are wholly or partially excluded from accessing such services through the formal financial sector. This sector has gained widespread recognition for its pivotal role in enhancing local community growth rates, reducing poverty and unemployment, and improving living standards. Moreover, it plays a crucial role in transforming social perceptions by raising awareness of the essential importance of microfinance.
Legislative environment
In line with the Central Bank of Jordan's vision to maintain monetary and financial stability, contributing to the achievement of economic and social development in the Kingdom, the amended Central Bank Law of 2016 was introduced to strengthen the legal framework defining the Central Bank's role in ensuring financial stability as a key objective. To achieve this goal, the scope of its duties was expanded to include the supervision and oversight of any financial institution under its regulation to ensure the soundness of its financial position.
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Active Borrowers
Women Borrowers
Number of employees working in microfinance institutions
Number of women employed full-time
Number of branches
