Rana is a 35-year-old single woman who still lives with her family.
Eight years ago, Rana prepared and bought all the equipment needed to open a beauty salon. She also registered her business officially to start in the right way. During the past eight years, Rana also added a rental wedding dress service for brides.
Now Rana has applied for a loan to redecorate the salon and expand the space. In the future, she wants to open a separate shop for wedding dress rental.
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.