Fedaa is a 42-year-old mother of six. Her husband works in one of the Jordanian courts. Fedaa is helping her husband in supporting the family, adding another source of income by selling various food products at her mini-market. Her business has helped in putting the food on the table. Now that she wants to improve the market, she applied to this loan to add more goods to the store.
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.