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This loan targets individuals in areas of Jordan who have been affected by the ongoing conflict in neighboring Syria. With hundreds of thousands of Syrian refugees now in Jordan, socio-economic tensions have greatly increased in towns close to the border. Due to the influx of people seeking employment in these areas, jobs have become scarce and many Jordanians are suffering economically as a result. By supporting this loan, you are helping an individual who has faced increasing economical hardships in recent years, including price inflation, lower salaries and greater job competition.
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.
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