Nawal is 56 years old, hard-working, and widowed. She still has two young men living with her, one of whom is a worker.
Nawal is known for her beautiful hand-made embroideries, such as traditional dresses, pillow covers, and other items. She has been running her business at home for more than 10 years now, and has been successfull by having regular customers and attracting new ones by word of mouth.
Now Nawal is applying for a loan to buy a plotting machine that will help her quicken her production process, and to buy more fabric and material.
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.