Financial inclusion means that people and businesses have access to a broad set of adequate and affordable formal financial products and services provided in a responsible way. Financial inclusion has three dimensions: access to, usage of and quality of financial services.

What is this project about?

In the MENA* region, only around 14 percent of adults have an account at a formal financial institution while this share is even lower for women (Global Findex, 2014).

The microfinance market in the MENA region is relatively young and does not yet fully meet the demand of the population. MFIs in the region mainly concentrate on loans. Microfinance laws and regulations that facilitate growth and safeguard responsible finance are just being put in place. An enabling environment and a strong financial infrastructure are needed to enable demand-oriented responsible finance for vulnerable groups and outreach especially in remote areas.

The GIZ programme for the “Promotion of the Microfinance Sector in the MENA Region” (MFMR) therefore aims to improve the framework conditions for broader access to adequate financial services for the low-income population.

The programme assists policy makers, regulators and supervisors in Egypt, Jordan and the Palestinian Territories in financial inclusion policy making and in strengthening the legal and regulatory framework for the microfinance sector. It promotes regional dialogue and knowledge exchange among peers.

On a regional basis the programme supports Sanabel, the Microfinance Network of Arab Countries, in the delivery of services for MFIs. It works together with the Arab Monetary Fund (AMF) in the provision of capacity building measures to financial regulators and supervisors in member countries of the region.

The programme is implemented by GIZ on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union. Its offices are in Cairo, Amman and Ramallah. It is being implemented from May 2011 to December 2018.

MFMR MENA Factsheet

MFMR Jordan Factsheet

What is this project about?

In the MENA* region, only around 14 percent of adults have an account at a formal financial institution while this share is even lower for women (Global Findex, 2014).

The microfinance market in the MENA region is relatively young and does not yet fully meet the demand of the population. MFIs in the region mainly concentrate on loans. Microfinance laws and regulations that facilitate growth and safeguard responsible finance are just being put in place. An enabling environment and a strong financial infrastructure are needed to enable demand-oriented responsible finance for vulnerable groups and outreach especially in remote areas.

The GIZ programme for the “Promotion of the Microfinance Sector in the MENA Region” (MFMR) therefore aims to improve the framework conditions for broader access to adequate financial services for the low-income population.

The programme assists policy makers, regulators and supervisors in Egypt, Jordan and the Palestinian Territories in financial inclusion policy making and in strengthening the legal and regulatory framework for the microfinance sector. It promotes regional dialogue and knowledge exchange among peers.

On a regional basis the programme supports Sanabel, the Microfinance Network of Arab Countries, in the delivery of services for MFIs. It works together with the Arab Monetary Fund (AMF) in the provision of capacity building measures to financial regulators and supervisors in member countries of the region.

The programme is implemented by GIZ on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union. Its offices are in Cairo, Amman and Ramallah. It is being implemented from May 2011 to December 2018.

MFMR MENA Factsheet

MFMR Jordan Factsheet