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Girls’s World Banking and the Citi Basis acknowledge Jordan’s largest microfinance establishment as champions for gender variety
NEW YORK – Girls’s World Banking as we speak introduced the 2013 recipient of the Excellence in Management Award, funded by the Citi Basis. Microfund for Girls (MFW), based mostly in Jordan, is honored for constructing an establishment that ensures that ladies are well-represented within the group’s workforce, management and governance whereas sustaining its dedication to serve each bold lady.
The Excellence in Management Award yearly acknowledges a microfinance establishment dedicated to growing ladies’s management and gender variety with the intention to show that investing in ladies makes enterprise sense. This award is a part of Girls’s World Banking’s broader efforts to affect the event of principled and numerous management in monetary establishments serving low-income ladies.
“The Excellence in Management Award provides us the chance to have fun Microfund for Girls’s extraordinary observe document of attracting and retaining a major proportion of feminine workers in some of the extremely difficult markets on the planet,” stated Mary Ellen Iskenderian, President and CEO of Girls’s World Banking. “We’re thrilled to acknowledge their innovation and dedication to growing working ladies as leaders inside their group and serving low-income ladies purchasers in unprecedented numbers.”
MFW works inside a difficult context of rising fundamentalism within the area and the specter of destabilization on account of an inflow of Syrian refugees into Jordan. Nevertheless, with a artistic recruitment technique and dedicated management, MFW maintains a powerful presence of ladies in any respect organizational ranges. MFW’s employees and board are comprised of 73 % ladies, far exceeding the nationwide stage of 14 % (amongst formal sector employers). MFW can also be the one microfinance establishment in Jordan led by ladies managers and the one one actively concentrating on ladies as purchasers and employees. Girls now make up 97 % of their greater than 95,000 purchasers.
“We’re very proud to have received this award. It’s a testomony to the arduous work of the 400 members of our group. Individuals do imagine that after they come into this establishment they’ve an opportunity to develop and to change into leaders,” stated Muna Sukhtian, MFW’s Normal Supervisor. “We’re main the market and we’ve been for some time. This all the time places an additional problem on us to actually be artistic about what’s coming subsequent. We have to repeatedly perceive our purchasers so we are able to tailor no matter new merchandise that we’re giving to them.”
In a market the place ladies make up 50 % of faculty graduates however solely a small share of the formal labor drive, MFW created a piece atmosphere totally different from some other in Jordan to assist working ladies. For instance, a shortened work week from Jordan’s commonplace 48 hours to 40 hours, medical insurance coverage, life insurance coverage, most cancers insurance coverage, and a wellness program all are a part of MFW’s advantages. Throughout recruitment, a “gender information” take a look at is run for all discipline positions, Human Assets recurrently displays gender ratios, and households are invited to accompany ladies candidates to branches for interviews.
“We’re honored to acknowledge Microfund for Girls’s achievements with the Excellence in Management Award,” stated Brandee McHale, Chief Working Officer of the Citi Basis, which goals to extend monetary inclusion and financial progress for low-income communities. “MFW’s dedication to gender variety and serving ladies purchasers is a mannequin for increasing monetary inclusion within the area.”
MFW will host Girls’s World Banking’s international community of 39 monetary establishments from 28 international locations for Constructing Girls-Centered Finance: Center, East & North Africa Convention of their dwelling metropolis of Amman, Jordan on November 19-20, 2013. They are going to be acknowledged because the 2013 Excellence in Management Award recipient earlier than an viewers of greater than 200 different microfinance practitioners, traders, donors, and regulators.
ENDS
About Girls’s World Banking
Girls’s World Banking is the worldwide non-profit dedicated to giving extra low-income ladies entry to the monetary instruments and sources important to their safety and prosperity. For greater than 35 years we’ve labored with monetary establishments to indicate them the advantage of investing in ladies as purchasers, and as leaders. We equip these establishments to satisfy ladies’s wants by way of authoritative market analysis, management coaching, sustainable monetary merchandise and client schooling. Headquartered in New York, Girls’s World Banking works with 39 establishments in 28 international locations with a attain of 14 million ladies to create entry to finance on a better scale that ever earlier than.
About Citi Basis
The Citi Basis is dedicated to the financial empowerment and monetary inclusion of people and households, significantly these in want, within the communities the place we work in order that they’ll enhance their lifestyle. Globally, the Citi Basis targets its strategic giving to precedence focus areas: Microfinance, Enterprise Growth, Youth Schooling and Livelihoods, and Monetary Functionality and Asset Constructing. The Citi Basis works with its companions in Microfinance and Enterprise Growth to assist environmental applications and improvements. Further info might be discovered at www.citifoundation.com.
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