Wisam, a 31-year-old conservative woman, refused to appear in the photo for religious reasons, so she asked her husband to take her place in the photo. Wisam is a housewife who takes care of her two sons (4 and 2 years old) and a 6-year-old daughter. Her husband works in a hotel and owns a store where he sells frozen food: meat, fish, and chicken. He is now adding shelves to stock other types of food products in order to increase revenue. Wisam has applied for this loan to help her husband expand the store and offer a greater variety of products.
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.