Women’s Solidarity Loan

Do you have a home-based business?

Do you want improve your business but you don’t have sufficient collateral?

Do you have a women’s partner in the business?

FINCA Microfinance Jordan can help you fund your business through the Women’s Solidarity Loan.

Advantages

  • Designed to meet the needs of women clients

  • Easy collateral requirements

  • Easy procedures for receiving funds

Payment Methods

  • FINCA Microfinance Jordan branches open from 8:30 AM till 4:30 PM

  • All bank offices

  • EFawateercom

  • Currency: JD

  • Loan Amount: from 300 to 2,000 JD

  • Loan Term: Up to 36 months

  • Nominal Interest Rate:

    • 300 – 1,000 JD – From 38 % – 42 % Annual Declining
    • 1,001 – 2,000 JD – From 35 % – 39 % Annual Declining

    Note: Interest rate varies depending on the client’s credit history and commitment with monthly installments with FINCA Jordan. Eligibility for better rate will be validated with each renewal and based on the monthly installment commitment.


  • Application Fees :

    • 300 – 1,000 JD – 1% of the loan (deducted from the total loan amount). Stamp fee and sales tax will also be deducted as per respective calculations.
    •  1,001 – 2,000 JD – 1% + 10 JOD of the loan (deducted from the total loan amount). Stamp fee and sales tax will also be deducted as per respective calculations.
  • Life Insurance Fees: Life insurance fees are calculated at a certain percentage according to the loan amount.

    To Know how calculate life insurance fees please click to the LIFE INSURANCE CALCULATION BOX.

  • Sales tax on interest , fees and charges:

    Interest, fees and all charges are subject to the 3% general sales tax . Also the disbursed loan amount is subject to the duty stamps law.

  • Repayment Frequency: Monthly

  • Required Documents:

    • Copy of the national ID.
    • Copy of family registration book.
    • Business registration and Occupancy permit (If exist).
  • Effective Interest Rate (EIR):

    • 300 – 1,000 JD – From 48.30 % – 59.63 %
    • 1,001 – 2,000 JD – From 45.06 % – 53.32 %

    It’s depending on loan duration and amount.

  • Note: Please note that our financial products and services are suitable with special needs people.

  • Note: Non-Jordanians can now apply for any of our financial products