Nawal is a 47-year-old mother of five children who is married to Ahmad, 47 years old. After she got married, Nawal and her husband started a small home business selling food products at their house. This was 15 years ago. During these 15 years, they were able to add a lot of new products based on the customer's needs. They were able to buy more than one refrigerator to sell juice, milk, yogurt and other cold products.
Now Nawal has applied for this loan to expand their store and to add more variety to the products they sell. Since Nawal is a conservative person, she recommended that her husband Ahmad appear in the picture instead of her.
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.