Naema S. is a 53-year-old married woman. She started a home business selling clothes and accessories four years ago to support her family. In these four years, she has managed to improve the quality of her products. She now wants to have her own shop, since she believes that she can compete in the market in her area by depending on word of mouth and the good reputation she has gained. She applied for a loan to purchase more products so she can have the her own store in the future.
About National Microfinance Bank
Jordan is a small country located in the heart of the Middle East’s Levant region. Regional instability has caused Jordan to be excluded from global investments for decades. Additionally, a lack of natural resources—including water and energy—places tremendous strain on the Jordanian economy, over 80% of which consists of small businesses, largely in the service industry. Despite their importance in the economy, many of these businesses are excluded from the banking sector because of their size. Microfinance institutions like National Microfinance Bank offer them an opportunity to enhance and expand their businesses. NMB also offers its services to other underprivileged peoples in Jordan, providing them with loans to pursue educational goals and improve their homes and livelihoods.