Sameeha is a 37-year-old married woman, living with her husband in a rental house. Since she has no children, she established a small beauty salon at her house by buying a few basic pieces of equipment. Now she has applied for a loan to purchase a special salon seat and to begin adding more tools to enhance her salon. She hopes that she can open a separate salon in the future.
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.