Maysoon was born in 1979. She is married and has five children. Her husband is a retired man. So he doesn't have a strong source of income. Maysoon has been running her own beauty salon at home for the past four years. She started her project with few customers that consisted of her family and neighbors. Then they increased by time. Now Maysoon is planning to raise her productivity by buying cosmetic products and other tools for the salon. But she doesn't have enough money to do so. For this reason, she 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.