Manal was born in 1973. She is a married woman living in a rented house in a sector in Jordan called Zarqa. Her husband is a contractor. Manal has been supporting her husband by selling blankets, clothes and houseware for the past 5 years at her house. She is planning to open her own store in the future to raise her profits. Now she is seeking a loan to purchase a new collection of products in order to raise her income and to attract more customers. But she does not have enough money to do so. Because of that, Zarqa 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.