Hanan, 47 years old and a married woman, has a talent making straw baskets. When she decided to turn this talent into a business she looked for ways to improve her handicrafts, so she started to make trays, vases, and picture frames all from straw. Now Hanan want to add beads to her crafts so she has applied for this loan to buy beads, decorating fabric and accessories, and more straw to create new crafts and enhance the ones she has.
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.