Houriya is a 50-year-old married lady who has six sons and daughters, three of whom have jobs now.
Houriya has a small home workshop for tailoring. She has been working for a while now using an old sewing machine. Now that she has more orders for sewing and tailoring clothes, Houriya has found that she needs to upgrade her machine and buy more tools to speed up her work. Therefore, Houriya has applied for a loan in order to buy a new electric sewing machine.
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.