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mousbah 10-10-2004 01:26 PM

Queen Rania for Microfinance
 
2 Attachment(s)
King, Queen Receive Prince Talal Bin Abdel Aziz

Amman, Oct. 10(Petra)-- His Majesty King Abdullah II and Queen Rania Al Abdullah received on Sunday Prince Talal Bin Abdel Aziz, President of the Arab Gulf Program for united Nations Development Organizations (AGFUND).

During the meeting, the two sides discussed cooperation relationsbetween Jordan and AGFUND.

The King expressed appreciation over Prince Talal's role in supporting childhood and family programs, empowering women, education, and development in the Kingdom. His Majesty stressed his support for this developmental trend in Jordan, noting to the importance of microfinance projects in increasing productivity and developing the living standard of citizens.

The King also valued AGFUND's contributions in supporting the sustainable development projects, which aim at creating productive opportunities and fighting poverty and unemployment in the Arab World.

It is noted that Her Majesty Queen Rania Al Abdullah opened on Sunday the Middle East and Africa Microcredit Summit Meeting, in the presence of Prince Talal Bin Abdel Aziz.

Around 650 participants representing 75 countries are taking part in the conference, which touches on mechanisms of fighting poverty in the region, particularly in Iraq and Palestine and in African states.

mousbah 10-10-2004 01:29 PM

4 Attachment(s)
Her Majesty Queen Rania Al Abdullah opens Micro-credit conference


Jordan's Queen Rania, left, talks with Saudi King Fahd's brother Prince Talal bin Abdul-Aziz, right, as he lights a cigarette during the opening session of the Microcredit summit in Amman, Jordan, Sunday Oct. 10, 2004. Microcredit Summit launched a nine year campaign in 1997 to reach 100 million of the world's poorest families, especially the women of those families, with credit for self-employment and other financial and business services by the end of 2005.

Balqis 10-10-2004 06:57 PM

Quote:

Originally Posted by mousbah
Jordan's Queen Rania, left, talks with Saudi King Fahd's brother Prince Talal bin Abdul-Aziz, right, as he lights a cigarette during the opening session of the Microcredit summit in Amman, Jordan, Sunday Oct. 10, 2004. Microcredit Summit launched a nine year campaign in 1997 to reach 100 million of the world's poorest families, especially the women of those families, with credit for self-employment and other financial and business services by the end of 2005.

I can't believe this. Why would anyone light up a cigarette in front of a pregnant woman?

bubbles 10-10-2004 07:11 PM

Balqis,

Im disgusted too!:mad:

Balqis 10-10-2004 10:01 PM

Well, Bubbles I hope at least he asked the Queen permission if he could light up in front of her, but that really isn't even a good excuse. He should have waited to light up somewhere else, preferrably outside.

bubbles 10-10-2004 10:35 PM

Quote:

Originally Posted by Balqis
Well, Bubbles I hope at least he asked the Queen permission if he could light up in front of her, but that really isn't even a good excuse. He should have waited to light up somewhere else, preferrably outside.

I agree with you 100%. Very inconsiderate man

La la 10-11-2004 07:00 AM

Quote:

Originally Posted by mousbah
Jordan's Queen Rania, left, talks with Saudi King Fahd's brother Prince Talal bin Abdul-Aziz, right, as he lights a cigarette during the opening session of the Microcredit summit in Amman, Jordan, Sunday Oct. 10, 2004. Microcredit Summit launched a nine year campaign in 1997 to reach 100 million of the world's poorest families, especially the women of those families, with credit for self-employment and other financial and business services by the end of 2005.

Is that Prince Al Waleed's father Talal?

bluetortuga 10-11-2004 08:35 AM

Quote:

Originally Posted by La la
Is that Prince Al Waleed's father Talal?

Yes, this inconsiderate prince is Al-Waleed's daddy. Prince Talal is lucky to have such a son; daddy is pretty much a loser!

mousbah 10-12-2004 05:17 PM

1 Attachment(s)
Her Majesty Queen Rania shakes hands with one of 23 women beneficiaries of the Microfund for Women during a visit on Tuesday, accompanied by Professor Mohammad Yunis, the founder and managing director of Grameen Bank and the concept of microlending (Photo by Nasser Ayoub)

AMMAN — Her Majesty Queen Rania yesterday underlined the need to combine microfinance initiatives with `business incubators' to further boost credit projects in the Kingdom and reduce running costs.

The Queen's comments were made during a visit to the Microfund for Women (MFW) as part of the 2004 Middle East/Africa Region Microcredit Summit Meeting of Councils (MEARMS) which opened on Sunday in Amman. During the visit, Her Majesty met with 23 women beneficiaries of the MFW and discussed obstacles hindering the expansion of their businesses and ways to further improve their ventures.

Although the women entrepreneurs described how microloans had helped them increase their household income, they also detailed the problems affecting their ventures including a lack of sufficient marketing channels, high interest rates and poor working environments.

Several women described the difficulties of working from home and their inability to differentiate between the running costs of their houses and their businesses when accounting for net income. Such costs include electricity, water and the necessary equipment.

“When I use my tools at home the electricity bill goes up and when the bills come in I can't tell one from the other, and then I cannot decide how much net profit I made because I lose track of my costs,” said Etaf Badwan, who runs a small carpentry workshop from her home in Amman.

Queen Rania's suggestion aims to establish work environments where such women can meet and make use of the facilities and space for their microfunded projects.

According to Jordan River Foundation Director General Maha Khatib, there is only one such `business incubator' in the country located in Amman. She added that more incubators are needed across the Kingdom to help these women improve the nature of their businesses.

Most of the 23 entrepreneurs who displayed their products yesterday said that they had already established their projects before applying for microcredit, and that they did it to either expand their business, or reinvigorate their businesses after incurring losses.

Zohor Mashaleh, who has been making and selling drapes and linen in Zarqa for the past 10 years, said she turned to microcredit one year ago to purchase new equipment for her business.

Muyassar Masri said she has been making and selling fishing nets during the last five years with the help of her unemployed husband, who encouraged her to take microcredit after her business collapsed. All these women agreed that microcredit had led to an increase in their household income, and in most cases, reported it had doubled by the time the loans were repaid.

Another similarity among these women is that after taking microcredit, they were able to employ others, mostly family members including husbands, to work with them as a way to increase production.

Faten Abdullah said with the help of her husband and a small loan, she was able to build a sportswear-making shop that currently employs seven workers.

Out of the 23 women interviewed, 20 said their family income was over JD100 a month before taking the loan. After taking microcredit, their income increased to between JD200 and JD2,000.

The number of microcredit loans among the 23 women ranged from one to 15 loans per person, as was the case of handicraft maker Heba Nasser, who sells most of her production wholesale to tourist shops.

According to MFW General Manager Bassem Khanfar, most women start with small group loans and then take larger loans as their businesses expand.

However, the fact that most of the women interviewed had already established their business before applying for microfinance gives weight to the argument that microfinance fails to target those most in need.

According to the Jordan Human Development Report 2004, “many poor people face significant barriers to access credit.” The report notes that the sector mainly targets the `near poor' and “preferably those with existing businesses” as a means to “reduce transaction costs and minimise the risks.”

Even when credit is available, notes the report, “poor people face significant bureaucratic obstacles in establishing enterprises” such as fulfilling entry requirements and obtaining licences.

Although microfinance for the `near poor' contributes positively towards poverty alleviation, says the report, for the `coping poor' and the `poorest of the poor' there are “significant risks” which may result in “greater indebtedness and dependency.”

Khanfar told The Jordan Times that microcredit is not intended to be given to the “poorest of the poor,” but is given to the “coping poor” whose basic needs are already met so that they can focus on starting a project.

“The poorest of the poor need aid, they care about food and water and physical needs, so if we give them money, they will not be able to generate more money with it because they will satisfy their basic needs with it,” he said.

According to Khanfar, 99 per cent of the loans are repaid. He added that the total number of loans approved by the MFW since its establishment in 1999 is 12,000.

MEARMS is organised by the Arab Gulf Programme for United Nations Development Organisations in cooperation with the Ministry of Planning and International Cooperation and the Microcredit Summit Campaign in Washington, DC and has brought together over 650 participants from 75 countries.

julial 10-12-2004 06:33 PM

Quote:

Originally Posted by mousbah
from petra next pic

She always seems to be the only important woman among all the men in the room.

mousbah 10-14-2004 06:01 AM

6 Attachment(s)
October 12, 2004 in Amman

Lyonnaise 11-12-2004 11:15 AM

1 Attachment(s)
Here is the biography of Queen Rania that I found on the International Year of Microcredit 2005 website

Her Majesty Queen Rania Al-Abdullah of the Hashemite Kingdom of Jordan
FINCA International Board Member
Emissary for the International Year of Microcredit 2005


"For many years now, I have been impressed by the power of a simple, small loan to those for whom fate and circumstance have resulted in disadvantage. Maintaining peoples integrity and showing them trust, whilst facilitating a way for them to rebuild their own lives is such a meaningful way of alleviating poverty. By placing microfinance in the global spotlight, awareness of this most effective anti-poverty tool will undoubtedly, and thankfully, increase."

Her Majesty Queen Rania Al-Abdullah (formerly Rania Al-Yasin) was born in Kuwait on August 31, 1970 to a notable Jordanian family of Palestinian origin. Married to King Abdullah bin Al-Hussein (then Prince) since June 10, 1993, Queen Rania has channeled her energies behind initiatives that aim to improve the livelihood of Jordanians from various sectors of society. Her activities and interests encompass issues of national concern, as well as several core issues including: developing various income-generating projects; encouraging the advancement of best practices in the field of microfinance; protecting children from violence; promoting Early Childhood Development; and incorporating Information Technology into schools. Queen Rania has been an active supporter of microlending in her own country, having started a community empowerment program in Jordan aimed at enhancing the economic and social well-being of women in underprivileged communities by establishing sustainable community-operated projects as part of her Jordan River Foundation..

http://http://www.yearofmicrocredit....p_abdullah.asp

bigheadshirmp 11-25-2004 02:41 AM

H.M. Queen Rania Al Abdullah II Selected as a 2004 TOYP Honoree (Top Ten Outstanding young persons)

http://www.jci.cc/members/news.php?l...id=3429&t=3210

Balqis 11-25-2004 07:33 PM

Quote:

Originally Posted by bigheadshirmp
H.M. Queen Rania Al Abdullah II Selected as a 2004 TOYP Honoree (Top Ten Outstanding young persons)

http://www.jci.cc/members/news.php?l...id=3429&t=3210

Thanks for this. Good recognition for the Queen's work :)

Little_star 11-23-2005 07:38 AM

Queen Rania at the Citigroup Global Microentrepreneurship Awards: 2005-2007
 
Queen commends Global Microentrepreneurship Awards winners http://www.menafn.com/images/inc_images/img_trnsp.gifhttp://www.menafn.com/images/inc_images/img_trnsp.gif

AMMAN — Her Majesty Queen Rania on Tuesday underlined the importance of microcredit in changing people's lives and unleashing entrepreneurial potential in local communities in the Kingdom.

In commemoration of the International Year of Microcredit 2005 and the country's accomplishments in the field of microfinance, Queen Rania participated in the Global Microentrepreneurship Awards (GMA) ceremony yesterday and met with the 10 awardees.

The awards were launched in 30 countries around the world, including Jordan, to promote microenterprise and put the spotlight on local microentrepreneurs who are taking the initiative to combat unemployment and transport themselves and their families out of poverty through microenterprise.
MENAFN - Middle East North Africa . Financial Network News: Queen commends Global Microentrepreneurship Awards winners

Lara 11-24-2005 12:31 AM

these are from yesterday. sorry if they were already posted.

http://www.petra.gov.jo/nepras/2005/Nov/22/3030I.htm

http://www.petra.gov.jo/nepras/2005/Nov/22/3032I.htm

Humera 12-17-2006 07:10 PM

Queen honours microfinance entrepreneurs

AMMAN — Abeer Mustafa Mohammad, who used to sell natural cosmetic products from home, now employs 14 workers and has a monthly income of JD5,000.
Mohammad, who started with a capital of JD1,000, was among 34 small business entrepreneurs honoured by Her Majesty Queen Rania on Sunday for actively contributing to the Kingdom’s economy.
“You are all wonderful role models for the rest of your community… and your projects are great examples of the way in which microfinance can be such a powerful stepping stone to financial freedom,” Queen Rania told the recipients of the second annual Citigroup Global Microentrepreneurship Award.
The objective of the award, in partnership with the Jordan River Foundation (JRF), is to illustrate the effective role that microfinance plays in poverty alleviation around the world. Jordan TimesKing orders closure of al-Jaffer Prison Center, transforming it into vocational training school

Amman, Dec. 17 (Petra) During his visit to the National Center For Human Rights ( NCHR) on Sunday, His Majesty King Abdullah II ordered the closure of al-Jaffer prison and transforming it into a center for vocational training. The King’s order comes into effect as of tomorrow Monday.

Humera 01-17-2007 04:04 PM

Queen Rania visits microfinance projects, youth center, family center during visit to Marka

Amman, Jan. 17 (Petra)-- During a meeting with some of the Kingdom's top business women a few days ago, Her Majesty Queen Rania Al-Abdullah said, "Success breeds success." And on that note, she visited some micro-entrepreneurs in Marka, Wednesday, to see their successful projects first hand and encourage them to spread the seeds of their success to others in their community.
As Fathiyeh Sunokrot and her neighbors were rearranging her display of gypsum handicrafts outside her house, Queen Rania stopped by for a visit. Her Majesty learned about the project when Sunokrot, along with 33 other recipients, was awarded the Citigroup Global Micro-entrepreneurship Award in December.
Her Majesty said she was happy to see such successful stories highlighted. Sunokrot showed off her handiwork as her and her daughters detailed their path to success. The eldest of Sunokrot's daughters, who is sitting for her Tawjihi exams this year, is a vital part of the project, according to Sunokrot. Queen Rania asked the girl how she manages to balance between school work and helping out with her mother's project, and the girl said, "It's pretty challenging, but by organizing my work, I manage to get it done." Sunokrot also creates an assortment of bright, colorful flower arrangements out of dried flowers. Petra

Pictures from Petra:
Image Gallery - Click Here

dazzling 12-12-2007 05:29 AM

Queen Rania Talks to Entrepreneurs who Won Citigroup Awards

pic 1 -- pic 2

Rossina 04-13-2010 02:09 PM

Queen Rania meets with the Microfinance Council board members

Jordan News Agency - Petra - Queen Rania meets with the Microfinance Council board members
Imageshack - news185126.jpg - Uploaded by farooda


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