Huda is a 55-year-old hardworking woman. Since her husband retired, Huda opened her own food market in the neighborhood and has been successfully running it for three years now. From her profit, she was able to include selling sandwiches and other types of food products, to the item sold in the store. Now Huda is applying for this loan to expand the store area and open another food market in another area in the future.
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.