Sharifa is a 31-year-old married lady. Her husband works in the military, and Sharifa has a small grocery store in an outside room of her home. She has been running the store for the last five years, and during these five years she has been able to expand the store’s space and add more variety to the products she sells.
Now Sharifa has applied for a loan to purchase more products and move to a new location separate from her home.
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.