Fadwa is a 54-year-old widow. In order to be able to support herself and family and to cover living expenses, Fadwa had to start a small business at home in addition to working a full time job.
Her home business is making decorative pieces while focusing on making vases in different styles and sizes. Now Fadwa is applying for a loan to get some decorative materials and wood for making boxes and basic materials to make more shapes of decorative pieces such as table lamps, frames and others.
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.