Kholoud is a 42-year-old married woman; she has two sons and a daughter. She is a hardworking creative woman. She has a workshop for making mosaic pieces. Kholoud started from scratch and built up her business until she opened a workshop and a store for selling what she makes. She is also employing young people to help their families and fill their time doing something useful. Now, she has applied for this loan to buy new carving tools for the workshop to employ more people.
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.