The goal of the project is to develop an affordable health insurance product that will offset some critical costs borne by MFW’s clients in accessing public health care. MFW and WWB conducted a demand assessment and surveyed the Jordanian healthcare industry in 2007 to assess the gaps in the current health care coverage available to MFW clients. While every citizen has access to public facilities for primary health care, the research indicated that satisfaction with public healthcare is low especially for emergency and more extensive healthcare due to overcrowded environments, absence of necessary medications and often, a lack of professionalism of medical staff. The Caregiver product would enable MFW clients, if they choose, to receive cash payments to help offset the cost of accessing private health care facilities for emergencies and more serious illnesses. The product will also cover the incidental costs of travel to the hospital, and of staying there for an extended period.
Click here to view the Product Description of MicroFund for Women.
Started in 1979, Women’s World Banking is a global network of 41 leading microfinance institutions from 29 countries. The network members are diverse in geography, size and structure, but united in the firm belief that global poverty can be best addressed by increasing the economic access, participation and power of low-income women. Collectively the network reaches over 21 million poor entrepreneurs, the majority of whom are women.
The Caregiver product will be offered to MFW’s nearly 40,000 borrowers: MicroFund serves primarily women (96% of borrowers) with an emphasis on those below the poverty line (78%). Research indicates that health is among the top three most important financial concerns of MFW’s target group.
MicroFund for Women (MFW) started as a Save the Children lending program in 1994 and was registered as a local non profit company under the Ministry of Trade in 1999.
MFW aims to harness the productive capacity of microentrepreneurs in Jordan, especially women, by providing them with financial and non-financial services. Its work contributes to the empowerment of underprivileged women as they become income earners and decision-makers in their communities and to reduce unemployment by enhancing economic opportunities and providing support to entrepreneurial enterprises.
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