Jordan Central Bank Issues License To Microfund For Women

April 13, 2018

Amman, Apr.9 (Petra) -- The Central Bank of Jordan (CBJ) issued a license to Microfund for Women, through which it monitors and supervises the company's various activities.
 
According to its statement issued on Monday, Microfund for Women received the license after complying all the requirements and instructions of the Micro-Finance Institutions No. 5 of 2015.
 
Managing Director of the Microfund for Women (MFW), Muna Sukhtian, said the license is a great addition of quality to the company, which was established in 1996 and confirms its position as the first microfinance company in Jordan, with the largest market share.
 
Sukhtian pointed out that the CBJ license reflects the company's belief in its role in achieving responsible and impactful financial inclusion, under the umbrella of the CBJ through the provision of financial and non- financial services, digital financial services and exclusively providing micro insurance and providing funds for Syrian refugee women.
 
Sukhtian explained that the company's work under the supervision of the CBJ would "contribute to providing the environment for the growth of the microfinance sector in the Kingdom, building its financial capabilities and human resources, and improving the development and expansion of financial services provided by the sector."
 
Petra News Agency
April 9, 2018