Asmaa is a 37-year-old widow. She lives in Al Zarqa’.
She makes baskets from straws, and sells them to support her six children. Her future plans are to expand her project and open a small shop to sell her products.
Now she has applied for this loan in order to bring in more raw materials to make other items other than baskets, such as trays and frames.
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.