Rania is a 33-year-old married woman. She has a small home-based business selling clothes to friends, neighbors and relatives. She buys the clothes at a whole sale market and sometimes from a free zone area to make more profit.
Now she has applied for this loan to increase the quantity of clothes she has in preparation for the holiday season and for the upcoming autumn season.
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.