Wisam is 21 years old. She is married to a military man and has two children. A year ago, Wisam started a small retail business. At first, it involved buying and selling accessories, then clothes, and now blankets as a preparation for the winter season.
Wisam is looking forward to expanding her business so she can help to support the family while they are young. She wants to provide her children with a comfortable life while they are growing up. In order to do that, Wisam has applied for this loan to purchase more products to sell in larger quantities and at a better price.
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.