Hanan is a 47-year-old married woman. She has three children with her husband, who works for a private company. Four years ago, Hanan started a small independent business from home. She started by selling clothes and added another type of product that is not even related – selling frozen food products such as frozen vegetables. For both businesses, Hanan has her own customers who keep knocking on her door asking for what she sells. Hanan has applied for a loan to expand her second business and buy one more freezer to stock more frozen food products.
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.