Mona, 50 years old and a married woman, has recently retired from one of the governmental entities. She has 6 children in different ages, where some of them still go to school and others have already graduated.
Mona has started a small business at home making and selling pickles; she wants to expand the business to include more women from the neighborhood, so she has applied for this loan to buy more vegetables and pickle containers to make more to increase her income and start employing more women.
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.