Falasteen is a 42-year-old woman, who is helping her husband in his business selling bottled water. They have a contract with one of the small factories that filters water to distribute drinking water bottles in the areas that cannot be reached.
Being in the business for six years has given them a trusted reputation. Now Falasteen has applied for a loan to buy more bottled water at a good price to be able to cover and serve more people in the area.
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.