Hudna is a 58 years old married woman. Her husband is a teacher while she has a clothing sale shop. By helping each other they were able to send their kids to schools and improve their living conditions. Now Hudna wants to work on expanding her business by first getting a new collection of clothes and later maybe opening another shop or starting to distribute the clothes she has into other markets. For that, she has applied for this loan.
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.