Walaa is a 27-year-old married woman, who has three children. Her husband works for the security department in Al Karak. Walaa opened a small shop to sell home products and items, mostly kitchen tools such as cups, plates, trays, etc. It has been six years now since she started, and her business is running smoothly.
Now Walaa has applied for a loan to add more items to her store, so she can cover most home products needed besides kitchen items.
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.