Suad, 47 years old, is married with four children. Her husband works in a cafeteria.
Suad has a sewing machine at home that she uses to make clothes and to embroider on fabrics to make bed and pillow covers. What Suad lacks is basic materials, so she has applied for this loan in order to buy more threads, beads, buttons and other materials so she can sew as many clothes as she can to sell.
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.