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MFW Caregiver Insurance Program to Protect Against

Health Emergencies

Bdour AlhyariBusiness Development Manager – Microfund for Women

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MFW Background

• First microfinance program in Jordan• Over 125,000 active

borrowers(96% female, 35% market share )

• Portfolio: US$ 44 million • More than 818,000 loans disbursed

at a value of over JD 336 million since inception

• 99% repayment rate• 55 branches all over Jordan

Quick Facts Mission

Vision

MFW’s mission is to provide sustainable financial and non-

financial services to the entrepreneurial poor, especially

women, in order to empower them socially and economically,

and to help them achieve a better quality of life

Microfund for Women envisions a more equal and just society in which women in particular are

empowered to break the cycle of poverty, achieve prosperity and

live inclusive lives.

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Background on MFW Microinsurance Programs

Microfund for women had adapted the micro-insurance concept to be included in its financial services bundling to work toward its financial inclusion strategy ; starting with launching the credit microinsurance product in 2006 (Himaya), protects against loan default in the case of death, partial or total disability;

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Background on MFW Micro-insurance Programs

In April 2009, MFW launched a micro-insurance product that enables our clients to better cope with financial burdens associated with health emergencies; and another micro-insurance service was extended to offer a hospital cash service (Riaya) that provides beneficiaries 21 USD  per each night spent in hospital for receiving medical treatment.

Continuing its clients needs’ research ,

designing , piloting and development in

order to tailor a suitable service that can overcome the

occurred challenges. In-depth gender

research conducted on over 1,000 clients

revealed; majority not insured and use

public facilities, most pay for health from

savings or borrowings, positive

view of health insurance and basic

capacity to pay, most women have

an important caregiver role in

their home

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Background on MFW Microinsurance Programs

In November 2015, MFW piloted a bundled insurance program called “Afitna” that combines credit life and cash hospital benefits and compensate in case beneficiaries or any member of their families were admitted into the hospital ,caused by an accident or illness, an amount of JOD 15 per each night in

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Development of Microinsurance Performance

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Outcomes from the Caregiver Cash Benefit product on women’s livelihoods

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Points of Consideration

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Thank you

www.microfund.org.jo