Buthaina is a 52-year-old married woman caring for two sons and one daughter. She started making pickles, cheese and yogurt to sell to neighbors and friends. She also makes olive oil soap which is used a lot in small neighborhoods. Now Buthaina is working on starting up a small catering business making small dishes by order. She has applied for this loan in order to buy more ingredients for making traditional dishes.
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.