Raghda, 42 years old, is married with five sons and daughters. After her husband retired from his first job, he had to look for another to be able to continue supporting the family.
Raghda is also helping her husband. She goes to wholesale markets and buys home products to sell to neighbors and friends. She hopes that one day she can open a small home products store. But for now, she has applied for this loan to get more home products to increase her revenue.
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.