Maryam is a 40 year old married woman. Her husband sells fruits and vegetables on a truck around the neighborhood. On the other hand, Maryam prepares a variety of vegetables and packs them to be ready for cooking. She sells the packages either by herself or through her husband. She also sells items of clothing at home as secondary work. She has applied for this loan to get more packaging material for vegetables and to invest in her clothing sales business to bring in more clothes for a winter collection.
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.