Jamala, 53 years old, is widowed. She has seven sons and daughters living with her. Three of them have their own jobs so they participate financially in the family expenses to help their mother.
Jamala has a small business working at home making crafts like baskets and trays from straw. She wants to start making vases in different shapes also from straw to have different items to sell. So she applied for this loan in order to buy more tools and materials needed to do so.
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.