Majeda is 45-year-old married woman. Her husband works in the Ministry of Education to be able to support their family of 11 members. Having a big family has put more pressure on her husband financially so Majeda decided to help her husband and start a small retail business selling different types of goods such as clothes, bed covers and food products. Now she has applied for this loan to increase her quantity of goods to increase her profits.
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.