Maryam, 43 years old, is a divorced woman who works in an orphanage in the day time, and at home in the evenings making embroidered dresses. Maryam is a mother for seven who spend the time between her and her ex-husband. Now Maryam has applied for this loan to purchase more fabrics and colorful threads to increase her productivity and make larger quantities and different models of dresses.
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.