Faddah is 32 years old and a mother of three daughters. Her husband works as a driver for one of the telecommunication companies in Jordan. Being very good in time management, she was able to manage her time between raising her daughters and working at the grocery store she opened five years ago in the neighborhood. She now has a great reputation. She applied for this loan to add more food items to enrich her store with a variety of products.
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.