Installation of the equipment in Al-Karak new factory. ©USAD JLGF In 2006, Mustafa Al-Turk started Al-Majd Factory to produce top quality Halawah and Teehinah using the old traditional milling process to guarantee the purity and quality of products. In 2013 Al-Turk decided to expand his business as he witnessed a steady growth in his sales over the years and he was unable to meet the current level of demand. So he decided to establish a new factory in Al-Karak to serve its customers in the southern area of Jordan. Once the construction started in August 2013 Al-Turk realized that initial estimates were not accurate and that the company would need more capital, including a new loan of JD 400,000, which was facilitated and guaranteed by USAID JLGF. Accordingly, Al-Karak factory started its operation in May 2015. Its opening supported the community by providing 30 new job opportunities, with the majority of them going to women and unskilled labor, and increased company revenues by 20% for 2015. Ten more jobs are expected to be added there by the end of the year. THE MARKET NEED WAS CLEAR Rana Abweh realized the growing demand for transparent plastic containers (TPCs) in the local market and regional markets and conducted market research to study the opportunity of starting a TPC producing project in Jordan. Rana and her husband, Muneer Assi, were able to combine their own money with a JD 50,000 grant from JEDCO and a JD 50,000 loan that included an OPIC guarantee through USAID JLGF to purchase the equipment and inventory to start a business. Innovative Packaging was a startup business in Madaba when the loan guarantee was issued in 2013 and was established to produce innovative specialized packaging for Jordanian products such as Dead Sea products, olive oil, chocolates, promotional items and others. The business has a competitive advantage among imported products, which have high shipping costs and can offer only limited customization. Also, Innovative Packaging’s TPCs are made of more environmentally friendly products than competitors using PVC; its polypropylene products are a recyclable material. Innovative Packaging created 10 jobs, 6 of which are held by women. OPPORTUNITY IN SUNLIGHT Samer Awwad, who has more than 10 years of experience in the electronic engineering field, was one of the pioneers of providing clean energy in Jordan. He noticed that the demand on solar energy has significantly increased due to the increase in electricity tariff, which forced many sectors like educational, hospitality and health sectors to seek alternatives to mitigate the risk of increased electricity bell. Upon the issuance of the “Law of Energy” in 2013, and as the concept of alternative energy became popular and wide spread in Jordan, Samer decided to seize the opportunity, and established his own business: Intishar for Technological Projects LLC, which installs alternative energy and electric power generation systems of the well-known trademark - Second Energy. Since its establishment, the company executed several projects at both corporate and individual levels with the efforts of its ten qualified employees. Awwad was approached by Jerash Private University, under the umbrella of AFD, to explore the benefits of installing a solar system. The installation of the solar system for Jerash University was beyond the financial capacity of the company but would have been a huge opportunity to waste. Samer was so eager to take advantage of the opportunity. Fortunately, an aggressive partner bank and USAID JLGF were there to facilitate and guarantee the JD 300,000 loan he needed. With the financial resources secured, Intishar was able to install the solar system for Jerash University and to fulfil all its obligations. A TAILORED SOLUTION FOR ZARQA’S BRIDES In Apr 2015, Maysoon Taqieddin started a specialty shop in Zarqa for renting, selling, and tailoring wedding and formal dresses, serving low to middle income residents of Zarqa. Three months later, there was an expansion opportunity to rent the shop adjacent to the newly-opened one, solving the issue of being too small to meet growing customer demand for a wider range of products but creating the need for capital. Maysoon’s JD 20,000 financing needed to be repaid over five years, and she had no collateral to serve as the basis for such a loan. One of the partner banks of USAID JLGF saw the potential of the business and believed in the business the acumen of the entrepreneur. Cash flow-based analysis of the business and the expansion opportunity supported that view: the expansion was expected to increase revenues by 50% in high season and 10% in low season, as well as to create 2 job opportunities for women under 30 years old. Today, the business is thriving, and the marriage of OPIC’s guarantee and a progressive bank furthered USAID JLGF’s goal of using cash flow based analysis to justify the extension of credit to borrowers traditionally considered to have insufficient collateral. PRIVATE HOSPITAL OPENS IN EAST AMMAN WITH HELP FROM USAID JLGF With the support of the USAID Jordan Loan Guarantee Facility, the residents of Marka in east Amman have a new general hospital that includes a one of the largest kidney dialysis treatment centers in the country. ©USAD JLGF Established in 2010, Advanced Company for Hospital Services (Advanced Company) renovates, renews and prepares certain locations to become formal hospital units that are mainly specializes in kidney dialysis, waste management and maternity surgeries. In 2013, Advanced Company noticed that the number of End Stage Renal Disease (ESRD) patients was increasing rapidly and that many were lower income Jordanians covered through the Ministry of Health or foreign patients (mostly Syrians and Iraqis), for whom treatment is paid for by the UN, Jordan Health Aid, or Qatar Charity. At that time, most of Jordan provinces were equipped with general hospitals including kidney dialysis, except areas in East Amman, like Marka and Yajouz, and Zarqa, where patients had to repeatedly travel long distances to receive kidney dialysis. Accordingly, the Advanced Company decided to rent an old hospital building in Marka and reconstruct, renovate and equip it to become a 37-bed general hospital with one of the largest Kidney dialysis units in the country. Existing dialysis units can service only 70% of ESRD patients in Jordan. Once at full capacity, Advanced Company’s new hospital will be able to handle an additional 15%. USAID JLGF provided a guarantee for two loans totaling JD 750,000 to help pay for a Standby Generator, Medical Waste Incinerator, Building Renovation & Construction, Medical Equipment, Furniture, Vehicles (Ambulance), Medical Gases, Engineering Consultancy and Licensing Fees. The hospital is now open and offering a full range of services, including emergency room, maternity ward, and radiology, to an area of 500,000 persons that previously had no private hospital in the vicinity. And it has created over 100 new jobs, of which more than 40 went to women and 70 are for persons <30 years of age. LAND… THE MORE YOU GIVE, THE MORE YOU GET In 1980, Rakan Al-Faour started working in his family’s farms after graduating from high school. His family is well-known in the agricultural field; they rent farms and plant them to benefit from the crops. After 10 years of experience, Rakan started his own farming business by purchasing and planting farmlands under his supervision. His efforts paid off, as he became one of the biggest potato producers in Jordan. Accordingly, Rakan was approached by Methieb Haddad & Sons Company (one of the largest food snacks manufacturers in Jordan and in MENA region) to provide them with potatos. Rakan expanded his business by adding more farmlands in Deir-Alla in the Jordan Valley and became one of the top five farmers in Jordan, as well as head of Farmers Union in Jordan from 1992 to 1997. Now, Bosporus Agricultural has more than 50 farms – around 2,000 square meters. In early 2014, Rakan noticed there is a strong demand for a particular kind of date---“Medjool”---in Jordan and in other foreign markets and needed a loan to build the operation. He secured a JD 500,000 from a partner bank with the OPIC guarantee facilitated by USAID JLGF, an investment that created more than 50 jobs. Today, Bosporus Agricultural is becoming a large producer of Medjool in Jordan, proving that the taste of success is sweet, indeed.