Muna is a 50-year-old married woman. She is a mother for two sons and one daughter. Her husband was working outside of Jordan and retired recently. Muna on the other hand works in jewelry sales at home. Besides working at home; she always participates in bazaars and crafts exhibitions where she can sell the accessories she has.
Now Muna has applied for this loan to bring in a new collection of accessories that has gemstones in it to increase her profits and be able to open her own jewelry store in the future.
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.