Refaa, a 60-year-old housewife married to Ali, has a fruit and vegetable shop. With the help of her husband, who has access to fresh vegetables, Refaa makes different types of pickles from cucumbers, olives, thyme and more. She even makes frozen veggies based on the season. Now Refaa has applied for a loan to expand her business and open her own store, where she can take more orders for homemade pickles and frozen vegetables for cooking.
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.