Wala’a is a 26-year-old single lady. After getting her diploma degree, she worked at a sewing workshop and gained a lot of experience there. Then she used her mother’s sewing machines at home to start a small sewing business.
Three years ago, Wala’a started her own sewing workshop by herself. At first she used her mother’s machine at home, and through these years, she was able to expand her business and open an independent sewing workshop that includes six sewing machines, one cutting machine, and three employees.
Now, Wala’a has applied for this loan to buy a distributing bus, and in the future she want to open a sewing factory.
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.