Farida is a conservative woman so she asked her husband to appear in the photo instead. She is a 58-year-old housewife and a mother of three. Farida has a handicraft business, making baskets and tissue boxes from straw. She now wants to start making other stuff using straw, like mirror frames, tables, etc., and for that she has applied for this loan to buy some raw materials to start making the pieces.
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.