Jameelah is a 48-year-old mother of seven sons and daughters. She has a small clothing sales business at home that helps in paying the household bills sometimes. Recently, Jameelah has started to be known amongst her neighbors and friends. She has applied for this loan to bring in a new winter collection in order to increase her profits in hopes that one day she can have her own clothing 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.