AMERMS Workshop 8: Microfinance for a Sustainable Environment (PPT by Ziad Al Refai)
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AMERMS Workshop 8: Microfinance for a Sustainable Environment (PPT by Ziad Al Refai)

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Sustainable Environment: Using Microfinance and People’s Own Initiatives to Propel Investment in Renewable Energy, Water and Sanitation
ROOM: Lenana Hall
Translated session: English & French
PANEL:
Panelist: Mr. Patrick Lumumba, East Africa Watercredit Program Officer, Water.org, Kenya
Panelist: Mr. Ziad Al Refai, Executive Director, Jordan Micro Credit Company ''Tamweelcom'', Jordan
Panelist: Mr. David Kuria, CEO, Ecotact Limited, Kenya
Panelist: Mr. Abser Kamal, Managing Director, Grameen Shakti, Bangladesh

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AMERMS Workshop 8: Microfinance for a Sustainable Environment (PPT by Ziad Al Refai) AMERMS Workshop 8: Microfinance for a Sustainable Environment (PPT by Ziad Al Refai) Presentation Transcript

  • Tamweelcom Jordan Micro-credit Company
  • Jordan overview
    • Population: 6,198,677
    • GDP/Capita (ppp): $ 4,700
    • % < Poverty line: 14.2%
    • GDP Growth (2007): 6%
    • Inflation: 5.4%
    • Source: CIA World Fact book
    • No. of MFIs: 6
    • No. of Borrowers: 74,000
    • Penetration (No. of Borrowers/No. of poor): 10%
    • Source: CGAP
    Palestine
  • Tamweelcom micro-value chain services Target Change Need Financial Social Economical Environmental
    • Tamweelcom’s partners
      • Vocational training
      • Business skills
      • Marketing
      • Group loans
      • Individual loans
      • Loan insurance
    • Marketing Gateway
    • Primary school educational grant
    • Business-to-Business linkages
  • 05/03/10
  • Sustainable Environment products 05/03/10
    • Product specification (solar panel and heating systems)
    • Product process
  • Clients Level
    • Lack of awareness.
    • Relying on electricity and gas, most easier accessible source and
    • lower cost.
    • Roof Spaces and internal pipes structure
    05/03/10
  • Products Level:
    • Product efficiency (traditional and evacuated tubes)
    • Heated competition with low quality products
    • Product term and payback period
    • Banking competition (Smaller long terms in comparison with asset financing methodology.
    05/03/10
  • Staff Level
    • Lack of experience to promote and sell tangible products.
    • Inadequate training
    • Inadequate technical skills
    05/03/10
    • Thank you for your attention
  • Jordan microfinance industry MFI Market Share # of Branches # of Employees Tamweelcom 35% 13 120 Microfund for Women 32% 12 150 National Bank 15% 8 100 MEMCO 9% 13 150 Finca 6% 4 130 AMC 3% 13 75
  • Tamweelcom Vision & Mission
    • Vision  
    • To enable low-income and productive poor to improve their social and living standards through supporting their micro and small-sized enterprises. 
    Jordan Micro Credit Company Tamweelcom was established in 1999 as a limited liability company- non-profit company fully owned by Noor Al-Hussein Foundation, which operates independently under the umbrella of the King Hussein Foundation. Mission Leading the micro and small-sized enterprises industry in the region by providing the best financial and non-financial services and entrenching sustainable values of creativity and development, as well as adopting best practices and international standards by encouraging and raising the efficiency of a qualified staff that believes in the Company’s vision.  
  • Tamweelcom Goals
    • Expand outreach locally and regionally.
    • Leading the microfinance industry in the region.
    • Improve the social performance of Tamweelcom services.
    • Increase productivity and efficiency using the best technological and informational tools.
  • Tamweelcom Achievements
    • Conducted the first Social performance rating of its kind in Jordan and received (3+) rating with an observation that the Company is advancing towards better results in the area of social performance management.
    • Received an (A) Rating in 2009, an (A-) rating in 2007, and (B+) rating in 2005 in the overall conducted by Planet rating.
    • Received the Middle East regional Social Entrepreneurship
    • Award in 2009 from the Schwab Foundation for its role in maximizing
    • benefits for the society and preserving the environment.
    • Received a Certificate of Excellence in 2009 for its second place ranking out of the 41 private companies, which competed in the King Abdullah II Award for Excellence for the private sector
  • Tamweelcom Achievements
    • Received the Performance Award in Microfinance for
    • 2009 from Sanabel network in recognition for its distinguished
    • performance in the microfinance industry worldwide.
    • Took the top position at the national and Arab level among major microfinance institutions in the Arab world in 2008 according to a classification issued by the Microfinance Information Exchange Market (The Mix).
    • Selected as the MFI of the Month to be featured on the MIX Market
    • homepage on March 2008 among MFI’s in the world.
    • Classified as one of the best ten micro finance institutions worldwide,
    • MIX classification report for 2007.
  • Tamweelcom Achievements
    • Received CGAP Pro-Poor Innovation Challenge (PPIC) award for 2007,
    • making Tamweelcom the first in the MENA to win such award.
    • Received Financial Transparency Award for 2006, making Tamweelcom
    • the first to win such award in the Middle East Region .
    • Officially joined the Micro Finance Network (MFN) in 2006 and became the first company in the Middle East to become a member of this network. MFN is an international association of leading microfinance institutions. Through the MFN, 38 members from 31 countries share ideas, experiences, and innovative solutions to the challenges they face in search of continuous growth and progress. MFN members seek to be models of what is possible in the industry.
  • Tamweelcom Achievements
    • Received CGAP’s Financial Transparency Merit Prize in 2005 for its commitment to the highest standards of micro credit companies.
    • Became an active member in the MIX Market transparency Website in 2002. In this network, members exchange analytical information specific to their organizations and make the information available to donor and beneficiary agencies around the world.
    • Joined Sanabel regional network in 2002 for the benefit of exchanging knowledge, information and micro credit capacity building, as the network aims to reach the largest number possible of entrepreneurs in Arab countries.
  • Performance Indicators as of 28 Feb 2010 Active clients 39,917 Loan Portfolio $14,480,915 Debit to equity 1.25 Operational sustainability 122.8% Financial sustainability 104.8% PAR>30 days 0.17%
  • Outstanding financial sources Bank Outstanding balance 31 Oct 2008 (USD ) Development and employment fund 595,362 Housing bank for trade and finance 2,570,423 Societe general 3,063,380 Jordan bank for investment and finance 1,355,596 Arab banking corporation 552,394 Planet finance 997,183 CITIBANK 1,597,746 Total outstanding 10,732,085
  • Financial projection 2009-2011   Projections 2008 2009 2010 2011 Total Assets ($MM) 19.0 26.4 35.3 46.1 Loan Portfolio ($MM) 17.8 25.3 34.3 45.1 Active Clients 35,515 49,389 66,975 87,713 Avg. Loan Size ($) 502 512 511 514 No. of Branches 16 17 18 18 ROE (adjusted) 28.3% 28.3% 28.2% 26.6% ROA (adjusted) 10.2% 10.6% 11.4% 11.6%   Financing need 2009 2010 2011 2012 Total (USD 000s) 7,000 7,000 7,000 7,000 28,000