Shafeea is a 59-year-old married woman. She is a mother of two sons and one daughter. Shafeea has spent her last few years selling blankets to neighbors. Recently, she added selling clothes, too, for which there is a higher demand than the blankets. Shafeea decided to increase the quantity of clothes she has and also continue to sell blankets, and so she applied for this loan.
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.