Nareman is a 40-year-old married woman caring for five sons and daughters. Her husband is an accountant at a private company.
Nareman started a small business buying and selling clothes. She does not sell her clothes exactly as she receives them; she adds a little of her touch on most of the pieces, such as attaching some beads or embroidering a drawing. Because of her customization, a lot of her customers consider her business a unique one.
Now Nareman has applied for this loan to buy more clothes to increase her profit. In the future, she wants to have her own clothing store.
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.