The SANAD Technical Assistance Facility (SANAD TAF), Making Cents International, and Jordan’s largest microfinance institution, Microfund for Women (MFW), have partnered to create digital economic identities for Syrian refugees that will facilitate their access to credit both in Jordan and beyond. The pilot project is additionally supported by funding from the Oesterreichische Entwicklungsbank (OeEB), the development bank of Austria.
The pilot program will help Syrian refugees store credit histories, educational certificates, and business information in a blockchain-based digital identity that can be used to gain access to credit or employment. By providing refugees with the means to store and communicate information about their creditworthiness, the SANAD TAF will be advancing its mandate to fuel the growth of micro, small and medium enterprises (MSMEs) from the startup and pre-startup phases into sustainable businesses.
Read the full Press Release here.
Learn more about the project here.