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Microfinance loans grow in Q1 of 2017

By JT | 23:23 May 7, 2017 |
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AMMAN — Performance indicators of microfinance companies showed that loan portfolios grew by 19 per cent, or JD221 million, in the first quarter of 2017, the Tanmiyah company for supporting microfinance institutions announced on Sunday.

Figures indicated that the number of active clients in the January-March period rose to 396,932, marking a 10 per cent increase, compared to the same period in 2016, the Jordan News Agency, Petra, reported.

Women constituted 73 per cent of loan recipients, highlighting the importance of their role in societal development. The company said that JD137 million of the total sum was administered outside the capital.

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