Fawzia is 46 years old and a housewife. Her husband began farming after he retired from the military to be able to support their five sons.
Fawzia wanted to help her husband as well so she started a small retail business selling clothes and blankets from home. She has found that she is making a reasonable income based on what she has, so she decided to add more variety to the collection she has and add selling home products to her range. For that reason, she has applied for this 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.