We continue to advance and grow. Total underwriting in the first quarter of 2019 has reached $3.6 Million, a substantial increase compared to the same period of 2018. Our sales team has tripled in size with a strategic focus on increasing total lending and driving the volume of campaigns hosted on liwwa’s Marketplace.
We continue to deliver solid returns in-line with our historical returns of 9.18% - 16.12%. According to our latest investor survey, 70% of our investors view the returns provided by liwwa as satisfactory, high or very high.
The achievements in the first quarter were a great start for 2019 and we will continue working hard to keep this momentum.
Lending in the first quarter of 2019
71% increase in total lending, from $2.1 Million lent across 50 loans in the first quarter of 2018, to $3.6 Million lent across 71 loans in the same period of 2019
Supported 368 jobs in Jordan
Generated $1.1 Million in income for Jordanians
Generated $6.7 Million in output to the Jordanian economy
$21 Million lent across 520 loans since inception
Our Best Moment
The Netherlands Development Finance Company’s (FMO) CEO, Peter van Mierlo, spoke highly about liwwa during the ‘Fintech for Inclusion Global Summit 2019’ in Hague, Netherlands. The summit brought together leaders from all over the world to discuss innovative ways to drive financial inclusion. During the opening session Mr. Mierlo talked about liwwa’s work in developing compelling product offering for borrowers, he also highlighted liwwa’s exceptional speed and customer service.