Sanaa is a 26-year-old housewife, who started a small home-based business selling kitchen tools and items 3 months ago. She wants to help her husband, who works in the Jordanian military, and also to fill her free time at home. Her customer base has grown by word of mouth between her friends and family to include neighbors and their friends. To be able to serve these customers, Sanaa has now applied for a loan to buy more items that are missing from the products she sells.
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.