Coronavirus // Investor Update

The Coronavirus pandemic has caused a great deal of uncertainty. We assure you that we are monitoring all developments closely and are adjusting our credit assessment and loan recovery processes as needed.

liwwa has a five-year track record of lending to small businesses in Jordan, a country that has weathered crises in the past. We are hopeful that we can use lessons learned during the closures of the Syrian and Iraqi borders to maintain high performance through the current period of uncertainty. liwwa lends to a diversity of small businesses that are providing essential products and services to the local Jordanian population. Our focus on necessary commodities provides a layer of insulation from the negative shocks impacting other sectors.

We have estimated that approximately 10-15% of liwwa’s portfolio is concentrated in industries that are likely to experience significant business interruptions as a result of the pandemic. These businesses include Travel Agencies, Hotels, Fitness Centers and Restaurants. We are reaching out to these businesses to understand the effects of new restrictions on their cashflows.

In line with our existing recovery policy, we will work with any borrowers facing business interruptions, in order to find payment solutions that allow them to weather these interruptions until the restrictions are lifted. Payment delays may lower investor returns in certain loans. We will keep you apprised of any loan restructurings via notifications in your investor dashboard.

As the situation develops, we will continue to provide you with guidance on expectations for your investments in liwwa’s marketplace. If you have any questions feel free to email us at investor@liwwa.com.

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Brian Marland

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