Jordan’s Microfund for Women Pioneers Region's First Gender-Sensitive Microinsurance Product

Microfund for Women (MFW), Jordan's leading microfinance institution, has introduced the region's first insurance product that recognizes the role of women as caregivers of their families. Launched in April, CareGiver (or Ri'aya in Arabic), is designed to help women and their families better cope with the incidental expenses associated with hospitalization, such as medical fees, lost income and childcare.

With support from the International Labor Organization, MFW and its partner, Women's World Banking, are providing this innovative insurance policy to MFW borrowers, of which there are currently 52,000. Ninety-seven percent of MFW borrowers are women. Clients pay a nominal monthly premium with their loan repayment and receive coverage for each night they stay in hospital.

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