Najah is a 60-year-old divorced woman who has started a small retail business at home selling clothes. She started her business to support her by having a good basic monthly income to help her pay her home rental fees. Now Najah has been in the business for four years and is happy that she became one of the productive hard working women in society. That’s why she decided to expand her business and open her own store in the future. In order to do that, Najah has applied for this loan to increase her capital base, which will allow her to buy a more fashionable collection of clothes.
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.