Wafaa is a 28-year-old housewife, who is also a mother of four children. Her husband Mahmoud sells carpets and household products for a living. Mohammad doesn’t own a shop. Instead he brings all his goods every day to a specific location in the market and starts selling regardless the weather on that day.
So Wafaa wanted to support her husband and help him with his business by applying for this loan so they can have a shop in the future to display and sell all of his goods.
Since Wafaa is a conservative person, she asked for her husband to 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.