Micro-finance Program
- Organization/Initiative: Under My Olive Tree
-
Amman, Jordan
- http://undermyolivetree.com/micro-finance/
Description
UMOT empowers families to support themselves. Our program provides financial support for families for a period of 6 months to start their business. After the 6 months grace period, families who benefited from the program will pay back a minimal monthly fee that will go to support other Micro Finance projects at UnderMyOliveTree.
[PHASE 1] Apply by sending details of proposed project with needed amount and period for application.
[PHASE 2] Accepted projects will be fund-raised with amounts up to 1500JD and given 6 months to generate income.
[PHASE 3] For the next 4 months each project has to pay back 40% of the amount given in financial support from the project’s income.