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Muna started her profession as a administration marketing consultant in the US, after which she returned to her house in Jordan to work for her household’s multinational pharmaceutical firm. However earlier than lengthy, Muna determined to harness her longstanding ardour for social service and work as chief of workers to Her Majesty Queen Rania of Jordan
“All my life, I’ve been concerned about social service,” she mentioned. “I’ve a robust will to make issues occur.” Muna’s work with Queen Rania deepened that dedication in addition to her curiosity in sustainable improvement. So when she was given an opportunity to put money into the fledgling Microfund for Ladies, a Jordanian microfinance establishment working to economically empower the nation’s low-income ladies entrepreneurs, she jumped on the alternative and have become a member of the group’s board of administrators.
As a board member, Muna was impressed by the dedication and dedication she noticed within the ladies who labored to get Microfund for Ladies up and operating. Her personal dedication led her to imagine management of the group as managing director in 2008. At the moment, Microfund for Ladies gives collateral-free loans to begin or strengthen companies, serving to ladies acquire elevated independence, serving to create new jobs for neighborhood members, and offering low-income households with better stability and alternative. The group views ladies as brokers of change and envisions a extra equal society the place ladies are empowered to stay inclusive lives and prosper.
To comprehensively serve Jordan’s low-income ladies, Microfund for Ladies not solely affords loans however vocational coaching and insurance coverage merchandise. Ladies’s World Banking partnered with the establishment to develop Caregiver, a medical insurance providing that gives hospital-cash advantages to offset the bills that always forestall purchasers from in search of care when an sickness happens. This holistic method to assembly the wants of low-income ladies has proved enormously efficient, paving the way in which for Microfund for Ladies’s development.
“As a girl who has been fortunate sufficient to pursue my training and my pursuits, it’s my accountability to offer this chance again to my neighborhood. I’m very pleased once I see different ladies succeed.”
Below Muna’s management, Microfund for Ladies now employs 500 workers, serving over 107,000 purchasers (77 % of whom are ladies) by means of 50 branches throughout Jordan. The group has additionally been acknowledged regionally and internationally as a pacesetter in monetary inclusion, garnering awards together with the celebrated German Federal Enterprise for Worldwide Cooperation (“GIZ”) Award on the Sanabel Convention in 2014.
Reflecting on her seven years on the helm, Muna credit her consulting background with serving to to rework the group into the main microfinance establishment that it’s at this time. “My expertise in administration consulting helped lots,” she explains, “as a result of a microfinance establishment, like some other firm, must be run very effectively and rigorously.”
Muna is frequently impressed by Microfund for Ladies’s purchasers, a lot of whom she has seen remodel their lives by means of devoted entrepreneurship. “One among our purchasers began with nothing. She took out a small enterprise mortgage, and started promoting meals. She now runs her personal grocery store – all this in a troublesome financial atmosphere,” she says. “We’re at all times so proud to contribute to our purchasers’ success.”
Witnessing the obstacles that her ladies purchasers frequently overcome with laborious work and monetary instruments, Muna acknowledges that businesswomen in Jordan nonetheless have an extended method to go. “I’m very acutely aware that my expertise is sort of singular,” she notes. “The very fact, as an example, that ladies are main our establishment shouldn’t be typical. In Jordan, Microfund for Ladies is the one such establishment led by ladies.”
Muna’s eagerness to see different ladies entry the form of alternatives she herself loved doesn’t finish together with her work for Microfund for Ladies. She additionally serves as a board member of the Queen Rania Award for Excellence in Schooling and the Queen Rania Instructor Academy. She additionally lately accomplished a four-year time period as a member of Amman Metropolis Council and joined Ladies’s World Banking’s Board of Trustees in 2015.
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