Iman, 40 years old and a married woman, has three daughters and one son, the eldest among her children. She has a small retail business selling clothes. She uses her husband's experience when buying the clothes since he is a merchant and owns a distribution shop. For that reason, Iman gets good quality clothes at a reasonable price and sells them for a good price.
Now Iman wants to increase the amount of products she has to increase her revenue so she can one day open a clothing shop, and 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.