Nadine is a 33-year-old housewife and a mother of two boys. A few months ago she started a small business to help in adding another source of income for the family that can improve their living conditions. She started selling clothes and blankets. Now she is applying for this loan to increase the quantity she has of bed covers and bring in more winter clothing items for kids.
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.