The family’s basic source of income comes from the husband’s work as a mechanic. But since Fotouh wants to improve their living conditions, she has started buying and selling blankets from home.
Now that she is building up customers through her neighbors and friends, Fotouh wants to increase the number of blankets she has and sell more types of bed covers. She also wants to make a small storage room for her merchandise. For these reasons she is applying for this 600 JOD loan from National Microfinance Bank.
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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