Siham is a 38-year-old divorced woman. She is supporting her children, who live with her in her parents’ house.
To be able to support her family, Siham has been doing a small retail business selling blankets, toys and make-up products.
She now wants to increase her capital by having a larger quantity of the products to be able to provide her children with good education and good life conditions, and for that 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.