Huda is a 47-year-old housewife, and she still has one single son living with her. Her husband works outside the country and transfers money on a monthly basis. Huda on the other hand wanted to make a good use of her free time, so she started a small business at home that can cover some of the emergency cases during the months, if there are any. Huda is selling make-up products, clothing items and sometimes detergents. Now she is applying for a loan to get a new spring collection of clothes to sell to increase her revenue.
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.