Suha is a 34-year-old housewife who has three children. For four years Suha has been working as a hair stylist at home where she has some of the equipment that a beauty salon would have. Now Suha want to buy new hairdryers and other equipment in order to prepare to open a bigger beauty salon that is separate from her house. For this reason, she has applied for a loan.
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.