Fatmeh, 31 years old, is widowed. She is now responsible for raising her three kids. For that reason, she had to open a small business to have a monthly income to support her family, so she opened a small kiosk in front of her house to sell snacks and few basic food items.
She has applied for this loan to add more products to the store to be able to serve the neighborhood as much as she can therefore increasing her income.
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.