Amani is a 38-year-old, single woman. She is living with her parents and is helping to add another source of income to the family by forming her business of selling clothes.
She began by buying clothes in a large quantity and starting a distribution business to sell clothes to other clothing stores in the area. Now, she has expanded the business and has started selling on her own, in addition to the clothing distribution business.
Amani is applying for this loan to improve her new line of business by making good shelves and buying some shower hangers to hang the clothes on until she opens her own clothing 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.