Nama is a 39-year-old housewife who has two sons and two daughters. She has been working for almost five years now selling blankets and clothes at home. She buys them at wholesale prices and sells to neighbors, relatives and friends.
Nama wants to improve the service she has to increase the income and improve their living conditions, so she has applied for a loan to buy more products and hopes that one day she will be able to open a small shop selling clothes and bridal supplies.
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.