Country
Jordan
Local project partner
Microfund for Women
Business Development Center
German project partner
--
Donor
GIZ
Duration
01.11.2022 - 30.04.2025
For more than two years, the COVID-19 pandemic has had a negative impact on businesses of all sizes and in all sectors in Jordan. However, micro and small enterprises have been particularly affected by the pandemic. The enormous impact is still being felt in Jordan's MSME sector. About 58% of Jordan's population lacks access to financial services. Formal access to financial services is gradually improving for the lower-income Jordanian population, although the gender gap is the highest in the world at 29% (according to Findex 2017). In a situation where only one in three Jordanian women have access to bank accounts, Jordan's National Financial Inclusion Strategy aims to reduce the gender gap from 53% to 35% by 2020.
The project aims to empower MSMEs in Jordan, particularly women-led MSMEs, to access the financial services they need and improve their knowledge of how to increase their savings. The focus is on innovative financial services and solutions for this target group.
The project aims to increase the capacity of up to 1,750 MSMEs through customized business training and coaching activities. At least 20% of these enterprises should be run by women. The target group is to be made more bankable through target group-specific training and capacity-building measures.
