ANNUAL REPORT 2017 His Majesty King Abdullah II

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ANNUAL REPORT 2017 His Majesty King Abdullah II ANNUAL REPORT 2017 His Majesty King Abdullah II His Royal Highness Crown Prince of Jordan 6 | Tanmeyah Annual Report 2017 Tanmeyah Annual Report 2017 | 7 TABLE OF CONTENTS Message from the Chairman ........................................................................................................................................ 8 About Tanmeyah – Jordan Microfinance Network .......................................................................................................... 9 Tanmeyah`s Vision, Mission ....................................................................................................................................... 10 Tanmeyah`s Board Members ...................................................................................................................................... 11 Tanmeyah’s Executive Team ....................................................................................................................................... 12 Tanmeyah`s Members ................................................................................................................................................ 13 Members’ Profile ........................................................................................................................................................ 13 Tanmeyah`s Partners ................................................................................................................................................. 16 Tanmeyah’s, Regional, and International Partnerships ................................................................................................. 18 Sector Analysis .......................................................................................................................................................... 19 Financial Inclusion in Jordan ...................................................................................................................................... 19 Tanmeyah’s Role in the Financial Inclusion Strategy ................................................................................................... 20 Microfinance in Jordan ............................................................................................................................................... 24 Industry Performance ................................................................................................................................................ 25 Outreach Indicators (Periodical Comparison) .............................................................................................................. 26 Average Loan Size ..................................................................................................................................................... 27 Governorates Profile .................................................................................................................................................. 28 Governorates Analysis ............................................................................................................................................... 28 Detailed Governorate’s performance .......................................................................................................................... 31 Microfinance and Employment Opportunities ............................................................................................................. 56 Social Performance of the Microfinance Sector ........................................................................................................... 57 Tanmeyah`s Accomplishments in 2017 ....................................................................................................................... 60 Social Media ............................................................................................................................................................. 60 Website ..................................................................................................................................................................... 60 Blood Donation Campaign ........................................................................................................................................61 Ramadan Events ........................................................................................................................................................ 62 Microfinance Documentary Videos ............................................................................................................................. 63 Capacity Building ...................................................................................................................................................... 64 Data Collection and Analysis ...................................................................................................................................... 65 Microfinance Clients’ Success Stories .......................................................................................................................... 66 8 | Tanmeyah Annual Report 2017 MESSAGE FROM THE CHAIRMAN Microfinance is one of the most powerful tools that supports and assists in developing a robust and resilient financial sector that is critical to ensuring strong economic growth. Our Microfinance Institutions aim at serving our local communities with a set of tailored demand driven financial services, which in turn support economic growth and contribute to improving the communities’ living standards and the quality of life (access to better education, nutrition, health care and clothing). Tanmeyah – Jordan Microfinance Network’s, main objective is to support the development of the microfinance sector in Jordan through promoting best practices in microfinance operations, with a particular focus on social performance, consumer protection and financial literacy. Tanmeyah – Jordan Microfinance Network is working with its members and stakeholders on realizing the financial inclusion strategy. The strategy promotes economic sustainability and inclusive growth, which can be achieved through strengthening microfinance regulations and providing a range of adequate financial services through flexible delivery channels. On behalf of the Board of Directors, I would like to thank Tanmeyah’s team, headed by the Executive Director, Mr. Saleem Nammari, for their strong leadership and passion. I would also like to thank the management and the teams of the Microfinance Institutions for their enthusiasm and dedication, which is tangibly seen in the field. Finally, as a sector, we are confident and self-assured that, together, we will contribute to effectively enhancing the local economy. Through providing the funding needed by micro-entrepreneurs to establish and grow their microbusinesses, Microfinance Institutions are contributing not only to supporting the local economies in the Kingdom’s governorates, but to the entire national economy. Tanmeyah Annual Report 2017 | 9 ABOUT TANMEYAH – JORDAN MICROFINANCE NETWORK Tanmeyah - Jordan Microfinance Network was established and formally registered as a non-profit institution at the Ministry of Industry and Trade in 2007, and was incepted to become the representative of the microfinance institutions (MFIs) in Jordan, replacing the Microfinance Association of Jordan (MAJ). The Network’s main objective is to develop a sustainable microfinance industry that will become an integral part of the national financial system in Jordan. Tanmeyah works at supporting the development of the microfinance sector in Jordan, by spreading advocacy and awareness on behalf of its MFIs members, as well as disseminating the up-to-date practices and developments of the microfinance sector. Fundamentally, the Network will focus its efforts to support the implementation of the appropriate regulation environment, which will lead to a healthy benchmarking criteria and set the performance standards that will be reflected positively on the sector as a whole. Figure 1: Tanmeyah's Services Representation Lobbying & Advocacy Sector Capacity Building Reporting & Research Benchmarking 10 | Tanmeyah Annual Report 2017 TANMEYAH`S VISION AND MISSION Tanmeyah has worked closely over the past years with stakeholders to achieve its objectives and fulfill its vision and mission statements. Our partners and stakeholders include MFIs members, the Central Bank of Jordan, governmental ministries and related organizations, donors’ community, meso-level players (trainers, media representatives, etc.), current and potential clients and the public at large. Our Vision To become an active network that effectively supports the microfinance industry in Jordan. Our Mission Facilitate the creation of an enabling environment for the development of sustainable microfinance industry in Jordan through the participation of all stakeholders. Tanmeyah Annual Report 2017 | 11 TANMEYAH`S BOARD MEMBERS H.E Mr. Nayef Al-Fayez Mrs. Muna Sukhtian Chairman Vice Chairman Mr. Makhmud Saidakhmatov Mr. Ali Abdel Jabbar Board Member Board Member Mr. Naser Darwish Mr. Marwan Shahateet Board Member Board Member 12 | Tanmeyah Annual Report 2017 TANMEYAH’S EXECUTIVE TEAM Mr. Saleem Nammari Executive Director Tanmeyah Annual Report 2017 | 13 TANMEYAH`S MEMBERS MEMBERS’ PROFILE AHLI MICRO FINANCE CMPANY Ahli Microfinance Company (AMC), one of Jordan’s Ahli Bank subsidiaries, was established in July 1999, and is resultant from the vision of Ahli Bank’s management and their firm belief
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