Hanan is 31 years old. She is married and a mother of four. Her husband is a government employee and works at a sweets store. Hanan has been supporting her family by selling detergents for two years. She is planning to open her own store in the future to raise her sales and to improve their living conditions. She started her project with a small quantity of goods. Then she started to expand it over time.
Now she is planning to add new products like air freshener. She also wants to add more detergents to sell, 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.