Khadra is a 58-year-old hardworking widow. She has five children and they live in a tent somewhere in Madaba. Khadra is known for her special kind of homemade bread called “shrak”. She has been baking and selling shrak for more than 20 years now. She also makes yogurt and a special Jordanian dried yogurt called “Jameed” using the the milk from her sheep. Now Khadra has applied for a loan to buy some machines, such as a mixer and other equipment, to facilitate the production of her bread and yogurt. She depends on these projects as a source of income to support her children.
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.