Client Case Studies

Al Nasser Dairy

Impact on community/economy:

  • The dairy sources fresh milk and vegetables from local farmers, giving them livelihood
  • The dairy is expanding, increasing job opportunities for low-skilled workers
  • Local, long-life dairy products like cheese are now being exported to Saudi Arabia

Impact - Al Naser Dairy

Brief Description:

Al Nasser Dairy Shop was established in 2007 by Mr. Mohammad Badarneh of Irbid. The business produces all its dairy products from fresh milk supplied by a local supplier from nearby dairy farms, the business also produce pickles , which are also include vegetables supplied from local farmers. The business obtained 80,000 JOD through GroFin’s Islamic financing option in December 2015. The amount targeted financing a new pasteurisation equipment, a vending vehicle and working capital. As the first Islamic finance deal inked by GroFin, the deal caters to the specific needs of entrepreneurs in the MENA region.

Al Rubaya for General Trading

Impact on community/economy:

  • The business employs 28 low skilled employees from the Zarqa governorate
  • The business is part of the supply chain for car dealerships
  • The business is located in the free zone; most of the business operations are for re-exports

Impact - Al Rubaya for General Trading

Brief Description:

Al Rubaya for General Trading is a company that specialises in installing all car accessories on new vehicles for the purpose of re-export. The business was established in 2013 in the Zarqa Free Zone, where all re-export activities take place. The entrepreneurs have extensive relationships with car dealers who bring their imported brand new vehicles to install car accessories and sell it at higher price. The company borrowed 284,200 JOD from GroFin in order to purchase inventory for its 2016 car models.

Al-Thuraya Travel and Tours

Impact on community/economy:

  • 54% of current 40 employees are women, and 26 jobs will be created, 60% for women
  • Supplies accommodation and tours to all kinds of travelers in-bound and out-bound tourists
  • Spurs Jordan’s tourism sector with a wide network of partners locally and internationally

Impact - Travel and Tours

Brief Description:

Al Thuraya Travel & Tours, is a Middle East Destination Management Company established in 1998, specialising in providing a wide range of travel experiences and services catering to all standards and budgets of travel for FITs (Foreign Independent Tours), Groups, Incentives, therapeutic tourism, religious tourism, MICE (Meetings, incentives, conferences, and exhibitions) and VIP markets, as well as charter flight operations. The business was extended a GroFin Islamic facility of 300,000 JOD in December 2015 for expansion and working capital needs.