Asefa is the 42-year-old mother of six sons and daughters. She wants to help improve their living conditions and to provide her kids with the best life she can afford. With this in mind, Asefa started a small clothing sales business a while ago. She brings the goods from wholesale and free zone markets, and then sells them at her house to neighbors, relatives and friends. Now Asefa is applying for this loan, to get a new winter collection in preparation for the upcoming season.
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.