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MEMCC II

Sector: Residential • Location: Jordan

Source: International Finance Corporation (IFC)

Project
Completed

The project consists of a straight senior loan to Middle East Micro Credit Company “MEMCC”, one of the leading and well-managed commercial microfinance institutions in Jordan. Proceeds of the loan will be used to finance the expansion of the Company’s lending activities to micro and small entrepreneurs (the “Project”). MEMCC seeks long-term funding to continue its growth and continue offering exis

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The project “MEMCC II” is an infrastructure initiative in the Residential sector, located in Jordan. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Email

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Description

Description

The project consists of a straight senior loan to Middle East Micro Credit Company “MEMCC”, one of the leading and well-managed commercial microfinance institutions in Jordan. Proceeds of the loan will be used to finance the expansion of the Company’s lending activities to micro and small entrepreneurs (the “Project”). MEMCC seeks long-term funding to continue its growth and continue offering existing and new products to its target clientele. MEMCC is one of the leading microfinance organizations operating in all regions in Jordan and by end June 2012 served more than 17,500 clients, of which 65% are women, with a credit portfolio of US$25 million. MEMCC serves its clients through its well established network of 15 branches and staff of 172 people.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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