Khawla a 39-year-old housewife is married to Mahmoud who started working as a security man after his retirement. They have five sons and daughters. To help support the family, Khawla started a small home-based business selling snacks for children in the neighborhood. It has been only a year since she began.
Now Khawla has applied for a loan to add more food products other than snacks to what she sells so she can attract more people and one day open a separate mini-market.
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.