Ikhlas, 34 years old, is a housewife who has two kids. Four years ago, Ikhlas started a small business making baskets at home and selling them to relatives, friends, and neighbors. During these four years, she enhanced her products and started making trays of the same material. She accessorized the baskets she made based on the occasion they were made for, like wedding baskets, baby shower baskets, ordinary baskets, and others. Now Ikhlas want to make more items that would be creative and unique, so she has applied for a loan to buy more material and accessories to be able to do that.
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.