Rana M. is a 30-year-old mom. She is married to Majdi and has two children. Rana and her husband started their own home business three years ago selling used shoes. Through these three years, she has applied for four loans to improve their business. Using these loans, she was able to open a separate store to sell used shoes for different ages as a second branch in another area and kept the main branch at her house. Now Rana has applied for her fifth loan to expand and re-decorate both shops.
Rana is a conservative person who didn't want her photo published on the internet. So, her husband Majdi appears in the photo, since he works at the second branch.
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.