MFW launched its operations in 1994 as a Save the Children pilot program that was started in two Palestinian refugee camps in Amman. In 1996, the program expanded significantly and was converted into an independent NGO called the Jordanian Women’s Development Society (JWDS). In 1999, under the joint leadership of Ghiath Sukhtian and Save the Children, JWDS was registered as a non-profit limited liability company under its present name, Microfund for Women, with the Ministry of Industry and Trade. It is affiliated to Women’s World Banking.
MFW is Serving 71,587 clients with an outstanding loan portfolio of USD 24.5M as of end of 2011. MFW also provides life and hospitalization insurance as well as training in business skills and personal development issues. MFW had an overall social rating of “4-“ by Planet Rating in June 2010
In 2012, Grameen-Jameel signed a partnership with MFW and provided MFW with a loan equivalent to USD 1 million.
For further information on MFW, please refer to their website: www.microfund.org.jo