Alia has a small business at home selling clothing to neighbors and friends. Her business is expanding slowly by word of mouth.
Now Alia has applied for a 950 JOD loan from National Microfinance Bank to buy extra clothes and get a new collection to take advantage of the upcoming holiday season. In the future she also wants to offer housewares, too.
About National Microfinance BankJordan 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.
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Success!! The loan was 100% repaid