We hope you are all healthy and safe during this time.
Currently we have postponed all March 25th and April 10th repayments for our borrowers. The private sector has been closed in Jordan since March 18th and this includes the banks. It is still unclear when these restrictions will be lifted. Additionally, it is unclear what guidance will come from the Central Bank of Jordan regarding mandatory leniency for small businesses, including the postponement of loan payments.
This initial postponement is a first step until we receive further clarity on the situation. Once we have clarity, we will reflect the updated payment schedules in your investor dashboard and your expected IRR will reflect these schedule changes.
We are committed to working diligently and proactively to safeguard your investment, while treating our borrowers fairly during this difficult and uncertain time.
Please don't hesitate to reach out if you have any questions.