Sabah is a 50-year-old married woman. She gave birth to three daughters and one son; all are between the ages of 10 and 19 years old. While her kids are at school, Sabah works in a tailoring and sewing business at home. She bought a sewing machine and threads a few years ago and started by sewing torn clothes. Now she makes whole outfits by order. She has applied to this loan to buy more threads and some tailoring tools. She also wants to get another sewing machine in the future in hopes that she can enlarge her business and open a small, independent tailoring workshop.
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.