Raeda, 39 years old and a married woman, has four daughters.
Raeda has been working at home for the last six years tailoring, knitting scarves and gloves in the winter, and doing embroidery. During these six years she was able to start selling what she makes in big stores beside selling to her friends and neighbors.
Now that there is demand for her products, Raeda is looking for a place to turn into a workshop and hoping to employ more tailors to help her. While looking for a place, Raeda will be buying sewing machines, knitting needless, yarn and thread and for that reason, she has applied for this loan.
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.