Jordan’s estimated population is 6.5 million, making it one of the eight countries in the Middle East with populations below 10 million. The rate of population earning below 2 USD per day is estimated at 3.5% (World Bank, 2008). The country faces challenges with insufficient supplies of water, oil and high human development disparity between regions and urban vs. rural areas and unemployment of young adults (estimated at 28.7%, for the young people aged 20 to 24 years old, almost twice the national average). Human Development Index gives the country a rank of 95th out of 182 countries in 2011.
Estimated market potential for microfinance is between 250,000 and 300,000 potential clients, of which around 75% are currently served by the sector.
Grameen-Jameel entered the market in early 2008 with the country’s first guarantee transaction, which formed the basis of its first partnership with a Jordanian MFI, Jordan Micro Credit Company (Tamweelcom). Grameen-Jameel serves through its partners more than 50% of the total market (of a total of more than 240,000 clients reached by MF) as of March 2012.
Grameen-Jameel works in conjunction with the following partner organizations: