Raeda is a 42-year-old married woman; she is a mother of five sons and daughters. One of her sons has a mini-market where he sells different types of food products. Raeda sometimes goes to help him in the store. After discussing the needs of the store with her son, she decided to apply for this loan in order to get more goods for the store to help in increasing his profits.
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.