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TunisiaJordan: European Investment Bank supports micro-entrepreneurs with €2.7 million
The European Investment Bank (EIB) has provided €2.7 million to Microfund for Women to boost the financing of micro-enterprises in Jordan during and after the COVID-19 pandemic. The new financing is expected to support around 9 100 new beneficiaries, more than 90% of whom will be women.
The EIB financing comes under Team Europe’s response to the COVID-19 pandemic. It is carried out under the Southern Neighbourhood Microfinance Facility (SNMF) – a €71.3 million lending facility that supports investments in microfinance markets in Southern Neighbourhood countries. The facility blends EIB resources with European Commission resources under the Neighbourhood Investment Facility.
The EIB has been collaborating with the Microfund for Women since 2014. It is the leading microfinance institution in Jordan dedicated to empowering micro-entrepreneurship. Currently, the Fund has more than 124 000 active borrowers with a strong focus on women.
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