Zainab is a 50-year-old lady who has been living with her mother to take care of her. In order to be able to do that, Zainab wanted a job to have a stable income that would help them in their daily life. But she couldn’t leave her mother alone. so she decided to open a small food market using a room in their house.
It has been three years since she opened the store. Mostly she has been selling snacks such as biscuits and chips. Now Zainab has applied for this loan to add a new variety of food products such as dried beans, spaghetti, and canned goods in preparation for the Holy Month of Ramadan.
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.