FINCA Results

Measuring Our Impact

Social Performance Management

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  • Approach
    • FINCA’s Mission
    • Survey Methodology
    • Data Sources
  • Indicators
    • Financial Inclusion
    • Living Standards
    • Income & Employment
    • Women’s Empowerment
    • Clients’ Goals
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    • MESA
      • Jordan
      • Pakistan
  • News

Jordan

Jordan’s economy is one of the smallest in the Middle East and is highly dependent on foreign assistance. A recent drop in support from neighboring countries has led to steep increases in the price of food. Seventy percent of Jordanians are under age 30, and nearly one-third of people under age 25 are unemployed. The country also provides shelter to over a million refugees from neighboring countries.

Established in 2007, FINCA Jordan has the highest outreach to women in the entire FINCA network. FINCA's loans in Jordan also have the highest impact in terms of net job creation. FINCA Jordan offers small group and individual loans as well as local currency and agricultural loans, with the option to follow Islamic lending practices.

Explore Jordan Data ↓

Financial Inclusion

Jordan:
Reaching the Financially Excluded

57% Adult population financially excluded
24,651 87% Female borrowers % #
28,258 Total FINCA clients
11,303 40% Borrowers in rural areas % #
28,258 Total FINCA borrowers

Fifty-eight percent of adults lack access to a basic bank account in Jordan, which forces them to rely on informal credit to grow their businesses. The situation is dramatically worse for women, 73 percent of whom are financially excluded, versus 44 percent of men. This gives extra urgency to FINCA's female outreach: 92 percent of its clients are women -- the highest in the FINCA network, and more than three times the regional average.

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Living Standards

Jordan:
Quality of Life

1,695 6% Client homes without water % #
283 1% Client homes without electricity % #
1,695 6% Client homes without access to Internet % #
11,303 40% Clients who don’t own their home % #
3,391 12% Head of household with primary education or less % #

FINCA's customers in Jordan enjoy relatively good living standards compared to elsewhere in the region and the world. Most have access to basic services in their homes, and very few heads of households have less than a secondary education. Despite this, the rate of home ownership is relatively low, by both regional and global standards. This denies many families the opportunity to build wealth over time, which is one of the principal advantages of owning a home.

View All Living Standards Data

Income & Employment

Jordan:
Income & Employment

$3,079 35% Average annual profit % #
1.4 Average # of employees per client enterprise
40,210 People employed in FINCA-funded enterprises
27,257 68% Employees hired due to FINCA loan % #
6,434 16% Wages paid above the poverty line % #
Explore FINCA Loan Sectors

The enterprises funded by FINCA Jordan are mostly owner-operated businesses in the trading sector, with one part-time employee. (See Special Topics, below, for more detail.) They retain a third of their total sales as profits, equivalent to roughly $3,000 each year. Although total employment is lower than in other places (like neighboring Pakistan, where each enterprise employs 2.7 people), the impact of FINCA's loan is by far the highest in the network. According to our survey data, FINCA's loan is responsible for 68 percent of the employment in an average client's business.

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Women’s Empowerment

Jordan:
Empowering Women

24,651 87% Female borrowers % #
1,762 6% Clients with female-headed household % #
4,716 17% Households with female as main earner % #
24,358 86.2% Businesses run by women % #
32,497 81% Women employed by enterprises Avg. #
34,661 86% Jobs created by women % #

FINCA Jordan is empowering women is to start and grow businesses. Women run most of the enterprises, and they fill most of the jobs that are created as a result. Almost 9 out of every 10 employees in our clients' businesses are women, putting FINCA Jordan's clients far ahead of any other subsidiary in terms of job-creation for and by women.

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Clients’ Goals

Jordan:
Attaining Business and Personal Goals

Goals Set By FINCA Borrowers
Goals Met By FINCA Borrowers
3,758 13% Start a business % #
11,812 42% Expand a business % #
565 2% Invest in education % #
6,697 24% Improve their home % #
4,493 16% Buy an asset % #
198 1% Pay down debts % #
3,249 86% Start a business % #
10,480 89% Expand a business % #
406 72% Invest in education % #
5,889 88% Improve their home % #
3,759 84% Buy an asset % #
0 0% Pay down debts % #

The most common aspiration for FINCA's clients in Jordan is to grow their existing business. However, a significant portion -- 13 percent -- are using their loans to start a new venture. This is the second-highest rate of business start-ups in the FINCA network, right after Honduras. Clients also have aspirations to improve their homes and acquire assets -- about 4 in 10 mention these as their primary objectives. Overall, clients report that FINCA loans are helping them achieve these goals, especially in the areas of business and home improvement.

View All Clients’ Goals Data

Business Activities and Profit

Jordan:
Poverty, Economic Sectors, Jobs and Profits

FINCA Loan Sectors

16,248 58% Trade % #
4,973 18% Services % #
4,069 14% Manufacturing % #
0 0% Crops % #
2,345 8% Livestock % #

Profit and Profit/Sales Ratio by Sector

$2,438 34% Trade Profit/sales ratio Avg. profit
6,985 34% Services Profit/sales ratio Avg. profit
$2,504 38% Manufacturing Profit/sales ratio Avg. profit
$0 0% Crops Profit/sales ratio Avg. profit
$1,054 53% Livestock Profit/sales ratio Avg. profit

Jobs by Sector Due to FINCA Loan

15,448 57% Trade % #
4823 18% Services % #
4,054 15% Manufacturing % #
0 0% Crops % #
2,932 11% Livestock % #

MESA Stories

Sultana Bibi, FINCA client in Pakistan

For the Love of Her Family

Sultana Bibi, the eldest sibling in her family, was determined to create a better life for her three younger siblings. Thanks to...
Read Sultana's Story

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