Raeda is a 34 year old conservative woman. She asked her husband to take her place in the photo. They have two adorable boys. Raeda’s husband Khaled has a dry cleaning shop where he does all the work by himself, from washing the clothes to ironing them. Now that the number of clients has increased, they want to bring more clothing hangers and expand the storage area where her husband keeps the clothes until their owners pick them up, which is why Raeda has applied for this loan.
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.