Maryam, 57 years old and a married woman, has three daughters and two sons; one of her daughters got married.
Maryam has been making embroidered traditional dresses for almost 20 years now. She used to make them by order, and now Maryam wants to start making more embroidered items so she can participate in related exhibitions and distribute to shops. For that reason, she has applied for this loan in order to buy more thread and fabric and a sewing machine to accelerate her business.
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.