Aziza, a 48-year-old housewife, has nine sons and daughters – two of them are married. Her husband has retired from the military and started working in the security field based on his experience. To be able to help support their big family, Aziza started a small food store two years ago to sell snacks and candy for the neighbors’ kids. She is now applying for a loan to add more food products other than candy, such as canned food, rice, sugar, etc. She is hoping that one day she can expand her store and register it officially.
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.