Nisreen is a single woman, aged 37. She lives in a sector in Jordan called Salt with her parents and 14 siblings.
Nisreen has been supporting her family financially by selling food products for two years and found it profitable. Then she decided to expand her business by opening her own independent mini market. Now, she wants to stock her mini market with a larger quantity of food products to raise her sales and income in order to cover her family's needs. But she doesn't have enough money to do so. For this reason, she 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.