Kawthar, a 34 year old, single lady, is the oldest among 11 brothers and sisters.
Kawthar works as a farmer. She also used to sell snacks and candy from her house. Recently a committee has been established for kids and also a public garden and playing ground for the neighborhood, so Kawthar decided to seize this opportunity to expand her business. She went to the committee and signed a renting contract to open a small snacks shop in the garden.
Now Kawthar has applied for this loan in order to buy more snacks and drinks to sell in the shop.
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.