Noor Al-Hussein Foundation - Newsroom - Tamweelcom co-hosts annual MicroFinance Network Conference for 1st Time in Jordan


Latest News 08 October 2012 Tamweelcom and Zain’s Mobile Money Solutions Wins Award 03 October 2012 King Hussein Foundation e-newsletter issue 17, June 2012 - September 2012 02 October 2012 NHF's Poverty Pockets Empowerment Program launches new initiative for Youth Entrepreneurs with "Sherkitna" Initiative 27 September 2012 Institute for Family Health offers Free Mobile Eye Clinic in Zaatari Camp NHF Outreach	Tamweelcom co-hosts annual MicroFinance Network Conference for 1st Time in Jordan 3rd June 2012 All News \| Back MEMCC's Suha Tleel, Tamweelcom's Mustafa Nasereddin, HM Queen Noor, MFN's Motaz El Tabaa and KHF's Hana Shahin June 2, 2012 Sunday, June 3, 2012 Amman - Leaders from micro-finance industry are gathering in Jordan this week to come up with innovative ways of improving their industry.The annual MicroFinance Network (MFN) conference is being hosted by Tamweelcom and the Middle East Micro Credit Company (MEMCC) under the Patronage ofHer Majesty Queen Noor. This year’s conference will look at “How to be a Da Vinci Company” in order to find ways to serve current potential clients more effectively.A “Da Vinci Company” means an extraordinary company with a brilliant team which offers innovative concepts and products. “Examining the ideas of Leonardo to find ways of making companies better is a fascinating way to encourage innovative thinking,” said Queen Noor during opening remarks on Saturday.She continued, “the ultimate goal of making microfinance better is to make lives better.Especially the lives of women and their children.” Queen Noor pointed out that economically empowered women are more able to participate fully in the social, economic and political life of the community and the nation, thereby impacting the development, prosperity and stability of their societies. Since its inception in 1999, Tamweelcom has served more than 130,000 clients, 93%of which are women. Tamweelcom CEO Ziad Al Refai welcomed the attendees at this year’s conference which includes 33 participants from 20 organizations representing 17 countries from around the world. MFN Director Masami Hayashi explains why meeting in person matters: ”The discussions become richer, we inspire each other and get insights….and what we really try to do in the MicroFinance Networkis to provoke open dialogue…we share the challenges that we face, not only the best practices….so that we can learn from that.” The three day seminar will include a social performance task force which will institute formal procedures to measure social performance across six categories including defining and monitoring target clients and social goals, enhancing commitment to social performance, and protecting clients’ rights. Elisabeth Rhyne, managing director of the Center for Financial Inclusion at ACCION International plans to talk with her colleagues about a new certification process that will enable micro finance institutions to be certified as protecting their client’s adequately: “What’s really credible is to have a third party take a look at what you do,” explained Rhyne, “so the certification that we’re going to be talking about involves a third party coming in and looking at the processes you actually use to make sure that clients are treated right.” Rhyne says this is a first in the industry and will be introduced very soon. News comments powered by Disqus	View Our Partners