Liwwa

Liwwa is a fintech company that provides trade and working capital finance to underserved small and medium enterprises (SMEs) in Jordan and Egypt. Founded in 2013, Liwwa operates an online peer-to-peer lending platform that connects SMEs with individual and institutional investors. The platform allows borrowers to submit their credit facility requests electronically, offering a fast-track feature for loans up to 250,000 JOD. Liwwa employs a sophisticated credit assessment process using proprietary technology and machine learning to evaluate loan applications, assigning credit scores that range from A to D based on risk levels. The company emphasizes risk management through diversification and robust recovery and collection processes. Liwwa's loans are typically unsecured but backed by personal guarantees and post-dated checks. The company has facilitated over $40 million in loans, creating more than 4,000 jobs. Liwwa also integrates its core values of transparency, restless entrepreneurship, uncompromising integrity, and service to the customer and community into its operations and performance reviews, fostering a culture of continuous feedback and improvement.