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liwwa hit $100,000,000 in total direct lending!

This translates into the creation of more than 10,000 jobs and $34,000,000 in income for owners and employees of small and medium businesses (SMEs). We’re proud of our impact and our work to spur innovation within the MENA region!

We contributed $31m (over one-third!) toward this goal in 2022 alone. And these figures exclude Underwriting as Service (UaaS), loans financed on the balance sheets of our bank partners - an additional $10m last year!

liwwa owes its success and impact to you all - its shareholders and supporters.

Last year was also one of additional successes on the fundraising front. We secured additional capital, bringing us to $4.1m against our Pre-Series B goal of $3m. We are proud to count the German development finance institution (DEG) among our newest supporters, having secured funding via DEG’s Up-scaling Program. The $4.1m figure excludes additional debt financing from Triple Jump earmarked for Egypt and the substantial expansion of available debt facilities in Jordan.

In Jordan, our local bank partners increased our available debt facilities by $9.7m in 2022, up to $22m in total. We also established a new relationship with the French development finance institution (Proparco), which extended a EUR 1m facility to further accelerate our growth and impact in Jordan. Finally, we laid the groundwork for a partnership with U.S. International Development Finance Corporation (DFC) for sizable support in Jordan and Egypt in 2023!

Our successes and growth are also the consequence of continued investment in SME lending technology. In 2022 we completed the comprehensive revamp of liwwa.com, including substantially improved onboarding and application tools for borrowers. We also implemented substantial changes to liwwa’s credit tools. In addition to continued work on liwwa’s credit engine, our Product Roadmap includes integrations with partners, based in part on pre-existing partnerships with payment platforms. In 2022, we introduced faster, more flexible financing, cutting down processing time from 48 hours to mere minutes for loans below JOD 25,000.

Last – but certainly not least – I am excited to share that we have secured a solid foothold in the Egyptian market! We enter 2023 having established and licenced a holding company under the Financial Regulatory Authority (FRA), having hired our core team, and having aligned on our operational procedures for Egypt. Having met many key FRA requirements, we are confident that we will soon be among the first to receive the SME lending license and extend our impact to a major new market.

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Give us a Call

For Borrowers: +962 79 870 4070

For Investors: +962 79 870 4070

Office Hours: 9:30am - 4:30pm
Sunday - Thursday

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257 Prince Mohammed Street,

Mezzanine Floor, Office #2, 3rd Circle

Amman, Jordan

* The historical return range is based on the annualized Internal Rate of Return (IRR) of liwwa investors' actual portfolios, taking into account late payments, defaults, write-offs, recoveries and service fees for all loans originated since 2013. The range represents the 15th to 85th percentile of returns for investors whose accounts have been open for at least 12 months. Individual results may vary. Historical performance is no guarantee of future returns, and the historical return range is not intended as investment advice or as a guarantee of the performance of investment opportunities.

Important Note: liwwa, Inc. does not guarantee investors a return and all investments carry risk, learn more about the investment risks. All transactions enabled through liwwa.com are subject to Terms of Service and the Investor Agreement.

If at any point in the future, liwwa ceases to exist as a company, becomes insolvent, or faces any other distribution event, investors may experience delays in repayment of loans they have invested in. In this unlikely event, investors may lose a portion of or all of their invested funds.

All rights reserved. Copyright © 2023

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Give us a Call

For Borrowers: +962 79 870 4070

For Investors: +962 79 870 4070

Office Hours: 9:30am - 4:30pm
Sunday - Thursday

icon-facebookicon-linkedinicon-instagramicon-twitter

* The historical return range is based on the annualized Internal Rate of Return (IRR) of liwwa investors' actual portfolios, taking into account late payments, defaults, write-offs, recoveries and service fees for all loans originated since 2013. The range represents the 15th to 85th percentile of returns for investors whose accounts have been open for at least 12 months. Individual results may vary. Historical performance is no guarantee of future returns, and the historical return range is not intended as investment advice or as a guarantee of the performance of investment opportunities.

Important Note: liwwa, Inc. does not guarantee investors a return and all investments carry risk, learn more about the investment risks. All transactions enabled through liwwa.com are subject to Terms of Service and the Investor Agreement.

If at any point in the future, liwwa ceases to exist as a company, becomes insolvent, or faces any other distribution event, investors may experience delays in repayment of loans they have invested in. In this unlikely event, investors may lose a portion of or all of their invested funds.

All rights reserved. Copyright © 2023