Ahli Microfinance Company (AMC)
Overview
Ahli Microfinance Company is a wholly owned subsidiary company of Jordan Ahli Bank, established in July 1999, and is the first microfinance company in the private sector in Jordan, derived from the sharp vision of Jordan Ahli Bank management and their firm belief of the importance of supporting the national economic activities in the Hashemite Kingdom of Jordan, and promoting all aspects of development process.
AMC was the fruitful result of performing a study by Jordan Ahli Bank in cooperation with the USAID funded program “AMIR” (Achievement of Market Friendly Initiatives and Results), to create a financial institution that offers credit to small businesses, supporting the march towards economic development, to in turn be able to provide clients and beneficiaries with tailored credit services with suitable or even no requirements in terms of guarantees, replacing such requirements with financial analyses and feasibility studies for each business in compliance with international policies, guidelines and best practices, under the milestone of "optimal work procedures".
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