Ibtisam is a 41-year-old married lady, who knits wool to make clothing articles such as scarves, blouses, children’s dresses, etc. At first, she used to make them for friends and relatives whenever they placed an order, but for the last five years she has turned this activity into a profit-making business, and her products have reached customers beyond her relatives and friends, even outside her city.
Now Ibtisam has applied for a loan to buy more wool to make clothing items in order to have sufficient quantities to reach and distribute to more cities. In the future, she want to buy an electric knitting machine, employ two people, and open a small workshop as a small factory.
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.