Microfinance promises to generate income, create job opportunities, and alleviate poverty in developing countries, and this in turn can have positive social impacts at various levels, starting from the personal levels, through the community level, all the way to the regional level. One of the most important features of microfinance is that it targets women, who constitute a large segment with a significant impact on the societal environment.

At Namaa Tamweel, we not only provide you with financing, but we also review your project with you, conduct a feasibility study, and evaluate the budget. The support and assistance team will be with you step by step from the beginning of your entry into the world of Namaa Tamweel until you reach your anticipated goals.

Libya has long suffered from economic instability as a bloated public sector struggles to become efficient, and with a limited number of financial product services, entrepreneurs find it difficult to launch, sustain and maintain their businesses. Microfinance provides a solution to these problems as it provides opportunities for entrepreneurs to gain access to microfinance products and services and gives them the ability to generate sustainable income and achieve financial stability, thus empowering the private sector at the local level.

Namaa Tamweel will be the first microfinance institution in Libya. We will use Islamic financing formulas based on Murabaha, and other formulas will soon be used such as Ijara.

Yes, but this depends on the status of the first financing and its repayment records.

Nama Tamweel works on the principle of building effective partnerships with the entities concerned with micro-enterprise owners in order to help them achieve their economic goals. Among these entities are local and international organizations and companies.