MAKING CENTS INTERNATIONAL
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The contracting entity for this project is Making Cents International, a US based development consultancy company. The direct beneficiaries of the project are the Jordanian MFI Tamweelcom and Tamweelcom’s Syrian refugee borrowers living in Jordan.
What is our funding objective?
The objectives of this project are to i) integrate Tamweelcom on the platform, ii) onboard its (new) refugee clients and iii) support Tamweelcom with capacity building to serve the new target market.
Why do we fund this investment?
This project, the Digital Identity Initiative, contributes to FMO’s impact objectives of inclusive development in Jordan, a country hosting more than 650,000 Syrian refugees. The project supports Tamweelcom in their mission to promote access to finance to Syrian refugees and giving them a digital economic identity. This project is at the core of MASSIF’s ambition to serve the unbanked and to leverage innovative solutions for increasing access to finance for refugees.
More investments
| Date | Total FMO financing |
|---|---|
| 2/13/2023 | EUR 0.02 MLN |
| 6/8/2022 | EUR 0.02 MLN |
- Region
- Asia
- Country
- Jordan
- Sector
- Financial Institutions
- Effective date
- 3/12/2019
- End date
- 1/11/2022
- Total FMO financing
- EUR 0.09 MLN
- Funding
- MASSIF