Haya is a 31-year-old housewife. Her husband has two jobs, one as a public sector employee, the other at a small accessories shop that he owns. While looking after her two sons, she started a small clothing sales business at home where she buys her goods at a wholesale price and sells at a higher price to friends, neighbors, and relatives. She has now applied for this loan to increase the quantity of merchandise she has and bring in a new 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.