Reem is 38 years old, married, and has five children. Reem has a small food store but it is not registered yet. Using the money she earns from her business Reem was able to help her husband enroll her children into school. She was also able to expand her food store by opening a separate store from her house, which is where she is working now.
Reem is requesting a loan, which she will use to buy more food products and goods for her store and to register it officially to get a license.
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.