Saadiya is a 45-year-old married woman who started a small home-based retail business five years ago, refilling and selling detergents. At first she wasn’t fully committed to the business because of some family issues, but now Saadiya wants to grow the business and work on expanding it to include food products and snacks besides the detergents. To be able to do that, she has applied for a loan to buy the products that she wants to sell and start the expansion phase.
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.