Ghada, 32 years old and widowed, was left to raise three daughters. To be able to do so, she started with her cheerful personality working as a farmer in daytime and in the evenings going back home and selling blankets. But now Ghada decided to concentrate more on her home business and add clothing sales, too, so she can make more time for her daughters. For that reason, she applied for this loan to bring in more clothes and increase her 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.