Jordan’s MONEY FOR FINANCE Key Management Metrics Report H1
Money for Finance continues its success story as a pioneer in the Jordanian non-bank consumer lending industry. Since its launch in December 2020, the company has served nearly 80,000 clients across the country.
Money for Finance has published its key performance indicators for H1 2022 – during the reporting period the amount of issued loans exceeded 18 million EUR. It is a significant increase over the issued loans during the same period of last year of EUR 2.2 million, highlighting the company’s rapid exponential growth.
Money for Finance’s recent milestones:
- Successfully launched a mobile app, making it easy for clients to follow their loan status and apply for the next loan without visiting a branch.
- Established marketing direction to become the top-of-mind non-bank lender in Jordan, providing money to the clients in the fastest and most accessible way.
- Signed an agreement with Jordan Post and launched 30 new digital branches.
- Launched longer tenure installment loans that diversified product offering to further serve community and clients.
Bashar Maayeh, General Manager of Money for Finance:
“The first half of 2022 has shown a substantial increase in all key performance indicators, placing us in a good position to achieve our targets in the foreseeable future. We continue to establish our position as the number one most accessible lender in Jordan, having issued 200,000 loans since the company’s launch. A retention rate of 90% serves as proof of our product relevancy and excellent customer service.
Money for Finance branch network keeps expanding, currently at 43 branches all over Jordan and more to be opened this year. We are proud of the company’s rapid growth, thanks to our solid business strategy and expertise of more than 200 employees.”
For more detailed information please see the report below.
Key management metrics H1 2022 (you must be logged in to Esketit account to see the report)
About the company
Founded in December 2020, Money for Finance offers small single-payment consumer loans up to EUR 700 with 30-day maturity, as well as installment loans up to EUR 2800 across physical branches in Jordan’s main cities and online. It is a top-quality fintech service compared to traditional banking, offering significantly higher time-to-money speed, less bureaucracy, more focus on the customer, and availability of its service to the underbanked population.