Hafitha is a 43-year-old married woman. She looks after her own three sons and another three of her husband’s.
The fact that she does not know how to read or write has limited her options in getting a job, so she started three years ago selling snacks like biscuits and chocolate and potato chips to be able to support her family. Now Hafitha has applied for this loan to bring in more food products other than snacks in hopes that one day she can open a separate small store.
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.