Nadera is a 34-year-old housewife who looks after her two sons while her husband is at his car seating repair business. Nadera makes table covers, tissue boxes and other crafts using sackcloth. She also embroiders fabric sometimes. Now Nadera want to turn her hobby into a small home business. She applied for this loan to bring in more raw material to make larger quantities of what she does now to be able to sell it and be able to participate in any local crafts exhibitions.
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.