– liwwa, a Jordanian fintech company, secures a $5 million loan agreement with the United States International Development Finance Corporation (DFC).

– The partnership aims to support small and medium enterprises (SMEs) in Jordan, addressing their persistent challenges in accessing funding for growth.

– DFC’s collaboration with liwwa aligns with its mission to promote private sector development and economic stability in emerging markets, fostering job creation and socio-economic progress.

Jordanian fintech company liwwa announced the signing of a $5 million loan agreement with the United States International Development Finance Corporation (DFC), in a significant move to advance financial inclusion and support small and medium enterprises (SMEs) in Jordan.

This collaboration marks a pivotal moment in driving the growth and sustainability of SMEs in Jordan. Despite constituting 80% of Jordanian businesses, SMEs encounter persistent challenges in accessing necessary funding for expansion.

This partnership with DFC underscores liwwa’s ongoing commitment to addressing the financing needs of underbanked SMEs, enabling them to flourish and contribute to economic prosperity.

The $5 million loan agreement is in line with DFC’s mission to support private sector development and enhance economic stability in emerging markets.

Maryam Khosharay, Acting Vice President of DFC’s Office of Small Business and Financial Services, remarked, “DFC is pleased to partner with liwwa to promote lending to underserved small and medium sized businesses in Jordan. This partnership will help unlock working capital to help grow businesses, create jobs, and improve livelihoods.”

Dennis Ardis, CEO of liwwa, emphasized the significance of this collaboration, stating, “We are incredibly proud of our partnership with DFC. We appreciate the trust placed in us and are committed to leveraging the facility to drive positive impact and sustainable growth.”