Fedaa is a 29-year-old housewife who has two sons and one daughter. It has been three years now since she started to bring in some goods and sell at her house to her friends and neighbors. Most of the goods she sells are clothes and blankets.
Since there is a holiday season that is coming in the next two months where everyone goes shopping for new clothes especially for kids, and because she already knows among her friends and neighbors who prefers to buy from her than go out for shopping in crowded places, Fedaa wants to bring in more clothes and items to be prepared for those holidays and reach her customers' expectations. 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.