Manal, is a mother of three girls and lives in a rented home. Her husband has a water tank and distributes water by order to houses. She has started making embroidered covers and fabric to help her husband to support the family and improve their living conditions. She has applied for this loan to buy more thread and special fabric for embroidery in hopes of increasing her profits and one day open a small tailoring workshop.
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.