Maryam is a 47-year-old widow who started to sell housewares and kitchenware to support herself after her husband passed away, almost two years ago. She now has a few customers, mainly neighbors and friends, since her business is based at home, which makes it hard for some to reach. She has decided to work on increasing her profits so she can open her own store in the near future. Maryam has applied for this loan to bring in more products to sell.
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.