Success Stories
Improving financial literacy is key to women’s economic empowerment
Sukaina’s ambition did not end at her retirement as she believed in women’s empowerment. Seeking to start her own business and benefit her community, she needed a personal loan and to learn the how to manage it effectively. Partners for Good (PfG) stepped in. Its project, Promoting Socio-Economic Rights for Microfinance Institution Clients, helped Sukaina and other women by improving their awareness and financial literacy.
Sukaina used her loan to buy teaching tools and aids at the start of her business, an integrated educational center for children.
PfG’s Promoting Socio-Economic Rights for Microfinance Institution (MFI) Clients project, funded by the Embassy of the Netherlands in Amman, trained more than 400 beneficiaries, of whom 90% were women from Jordan’s northern, central, and southern regions.
“I am happy I came across that quality project,” said Sukaina. “It improved my financial literacy, teaching me how to benefit from credit services of microfinance institutions, and manage my finances in a way that ensures the success of my business.”
Said Sukaina
“The project enhanced my self-reliance and entrepreneurial skills,” she added.
She Added
Services of the PfG’s project were aligned and consistent with MFI procedures, client protection and financial inclusion strategy of the Central Bank of Jordan (CBJ), and principles of socio-economic rights.
The project developed the capacity and financial literacy of clients, while increasing MFI employees’ knowledge of principles of socio-economic rights. It built and maintained strong partnerships to ensure the sustainability of project impact and outcomes.
The project developed the capacity and financial literacy of clients, while increasing MFI employees’ knowledge of principles of socio-economic rights. It built and maintained strong partnerships to ensure the sustainability of project impact and outcomes.
“Women’s employment and contribution to productivity are crucial for their empowerment and for supporting their families,”
Sukaina Stressed
“PfG’s project taught me how to address problems, opened new horizons for me, and helped me network with women entrepreneurs. All of this contributed to the success of my business and improvement of my income.”
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