Majidah is a 47-year-old widow and a mother of 3. She lives alone with her 3 children in Balqa and has her own small business that she runs from home. She sells cosmetics to her friends and neighbors. Majidah hopes to get this loan to increase her inventory so she can start her own shop where she can display and sell her products and be able to provide a good life for her children.
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.