Fedaa is a 26-year-old young mother of two children. Her husband Suhail is an air conditioning technician. Since they are a small young family, Fedaa decided to start a small business that could help her husband and her family have a good respectable life. She started her business five years ago selling clothes at home. Fedaa is hoping that one day she will be able to open her own boutique. To do that, she has applied for this loan as a start to add more new fashionable items to the products she sells.
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.