Status: Approved investment
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FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Tamweelcom, which was established in 1999, is the 2nd largest MFI in Jordan. Its mission is to improve the economic productivity in Jordan, through providing a variety of responsible financial solutions to licensed, semi-licensed, and non-licensed micro and small businesses, which represent a wide majority of economic activities. One of its target groups are youth and women entrepreneurs, which will be expanded to Syrian refugee entrepreneurs. Tamweelcom has a strong position via its 38 branches across Jordan, particularly in the smaller urban areas.

What is our funding objective?

FMO’s Risk Sharing Facility and Capacity Development ("CD") support, enables Tamweelcom to finance Syrian refugee entrepreneurs and share the credit risk. FMO is unique in its offering as there are no guarantee programs, combined with CD, available to serve this group. 

Why do we fund this investment?

Our two transactions perfectly fit in FMO’s strategy to increase our activities in the MENA region. Jordan, considered regional safe haven and hosting country of many refugees, needs economic and inclusive growth to be able to cope with the migration challenges. Shown by its mission and track-record, Tamweelcom plays an important role contributing to economic development among underserved people and sectors. It will offer local opportunities to Syrian refugees enabling them to integrate in Jordan’s economy until they will be able to find better opportunities in Syria.

What is the Environmental and Social categorization rationale?

Tamweelcom is categorized as E&S C-risk, given the relatively small loan sizes (particularly related to the guaranteed loan portfolio). Tamweelcom applies the IFC Exclusion list and has an E&S policy in place (implemented in 2013 with IFC). It applies the IFC PS risk categorization. In the current loan portfolio, 87% is categorized as C (mostly Retail), 13% as B (Micro and Small Enterprises e.g. working in small industry, construction, poultry) and no A-categories.

Website customer/investment
Financial Institutions
Publication date
Effective date
Total FMO financing
JOD 0.90 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)