KHF Outreach
Her Majesty Queen Noor chairs the annual meeting of Tamweelcom's Board of Directors
10th January 2010

Her Majesty Queen Noor chaired on 19th December Tamweelcom's annual Board of Directors' meeting, and honored the outgoing chairman and two board members.

The meeting reviewed strategic options and legal framework enabling the Jordan Microcredit Company to expand its portfolio, and transfer its expertise to neighboring countries, having been ranked this year by the Microfinance Information Exchange (MIX) Global as the top performing company in the MENA region.

During the meeting, Queen Noor honored former Tamweelcom Chairman, His Highness Al-Sharif Shaker Bin Zaid, and former board members, Amer al-Salti and H.E. Rateb Al-Wazani for their distinguished efforts and continued support to the company over the past years. The board had earlier elected Imad Ayoub as the new chairman.

Queen Noor commended the company's outstanding performance over the past year, noting that through its international recognition, Tamweelcom is translating the late King Hussein's vision for Jordan as a center of innovation and model for best international practices in the region, as well as an exporter of expertise.

Tamweelcom Executive Director, Ziad Al-Rifai said the company's ability to provide its clients with marketing channels has significantly contributed to increasing sales for small enterprise owners, who previously suffered marketing setbacks and low revenue. In addition to its financial services, Tamweelcom offers clients a number of non-financial services, including capacity building, project management training, and the provision of education loans to school and university students.

During the past year, Tamweelcom received three awards; the Middle East Regional Social Entrepreneurship Award from Schwab Foundation, the King Abdullah Award for Excellence, and the Performance Award from Sanabel Microfinance Network of Arab countries. Since it was established in 1999, Tamweelcom has so far disbursed over 37.000 loans to the value of JD64 million, 95% of which benefited women in various sectors.

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