Hanan is a 41-year-old hard-working mother. She lives with her four children and her husband in a rented house.
Hanan’s husband works in a governmental entity and so does she. Hanan has recently started a small business to bring in more income to the family, which is animal sales basically, sheep and goats. Both Hanan and her husband work in this business after their full-time jobs end.
Now Hanan has applied for this loan to buy animal feed and improve the barn where those animals live.
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.