Update on AmalAmal is a 21-year-old married lady who lives with her husband in a rented house. She has been running her own business for one year so that she can improve her living conditions before having children. She goes to a wholesale market and free-trade zone in Aqaba to get bedding at a low price, and then sells these items at the market price out of her home. She is applying for a youth loan to buy more bed cover sets and other items such as cosmetics and house ware from the free-trade zone to sell to her customers.
Previous Loan DetailsAmal is 20 years old, married and recently decided to go into business out of her home so that she can improve her living conditions before having children. She goes to a wholesale market and free-trade zone in Aqaba to get bedding at a low price, and then sells these items at the market price ou... More from Amal's previous loan »
More information about this loan
This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
About National Microfinance BankJordan 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.
Concurrent and Successive Loans
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This loan has been fully funded!