Manal is a mother of three sons and one daughter, all under the age of 20. She is a 40-year-old housewife who started a small retail business four years ago to help her husband who works as a taxi driver. Manal basically buys clothes, blankets, and shoes at a wholesale price and re-sells it at a reasonable price. This brought her a lot of customers and made her business grow through the last four years. In order for her to widen her business and reach out to the clothes shops and be their provider, she is thinking of buying a distribution bus that could help her achieve her goal. That’s why she has applied for this loan.
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.