Basma, a 49-year-old married woman, has three sons and two daughters, one of whom is married.
Basma’s husband has his own livestock business, so Basma decided to start her own business making a special type of yogurt using the milk from the sheep and goats, that is used for cooking Jordanian food.
Now Basma has applied for this loan in order to prepare a special room in the house for making yogurt instead of doing it inside the house. She will also be able to buy more tools that are needed to make yogurt.
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.