Mariam is a 44-year-old widow; she has 3 children to raise. Since she can’t read or write, she took a few courses to learn how to make baskets from straw and how to sew the Jordanian traditionA. head covering for men “Shmagh”, so she would be able to support her family financially.
Mariam started a small business 7 years ago; she makes beautifully hand-woven baskets and handmade head covers and from selling them she has managed to support her family.
Now Mariam has applied for a loan to increase her productivity so she can increase her income each year, until she is able to open a small shop to display her work for sale.
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.