MAKING CENTS INTERNATIONALStatus: Completed investment
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Who is our customer
The contracting entity for this project is Making Cents International, a US based development consultancy company. The direct beneficiaries of the project are the Jordanian MFI Tamweelcom and Tamweelcom’s Syrian refugee borrowers living in Jordan.
What is our funding objective?
The objectives of this project are to i) integrate Tamweelcom on the platform, ii) onboard its (new) refugee clients and iii) support Tamweelcom with capacity building to serve the new target market.
Why do we fund this investment?
This project, the Digital Identity Initiative, contributes to FMO’s impact objectives of inclusive development in Jordan, a country hosting more than 650,000 Syrian refugees. The project supports Tamweelcom in their mission to promote access to finance to Syrian refugees and giving them a digital economic identity. This project is at the core of MASSIF’s ambition to serve the unbanked and to leverage innovative solutions for increasing access to finance for refugees.
|Date||Total FMO financing|
|2/13/2023||EUR 0.02 MLN|
|6/8/2022||EUR 0.02 MLN|
- Financial Institutions
- Effective date
- End date
- Total FMO financing
- EUR 0.09 MLN