They treated me like a human being and not like someone who needs approval to get a loan or run a business, Amina

Liwwa is one of 11 early stage high-tech companies in the Badia Impact Fund’s portfolio. It is an online platform, where borrowers can apply for small business loans quickly and on reasonable terms.

A loan from Liwwa meant Amina al-Ramadna’s company could expand to meet a growing demand. Amina is the founder of Amman-based Green Fields Oil Factory, a now leading manufacturer, supplier, exporter and importer of natural oil and plant-based products. The work at the factory begins with carefully cold-pressing fresh seeds and ends with the bottling of haircare and skincare products, supplements, and food.

When Amina applied for a loan at Liwwa, the company checked her business as a whole. But it did not ask for her husband’s authorization—a step that is typical in the region. “They treated me like a human being and not like someone who needs approval to get a loan or run a business,” says Amina.

The European Investment Bank’s office in Jordan’s capital coordinates with partners on the ground and works closely with the government.

The Badia Impact Fund is one of the European Investment Bank’s most active venture capital funds in Jordan. The EU bank invested US$8 million (JD6.7 million) in Badia Impact to support young Jordanian entrepreneurs, especially women.

More than a loan

Around 8 000 other Jordanian women turned their activities into booming businesses, thanks to the support of the Microfund for Women and the financial backing of the European Investment Bank. Our close partnership with the EU Commission is key to making projects like these a reality.

The impact of the Microfund goes far beyond money. It is also about cultural change, as successful women inspire their daughters and other women.