Sabha is a 51-year-old illiterate married woman. She has seven sons and daughters; some of them have got married, and her husband has already retired from his job.
To help her husband, Sabha used to bake a special type of bread called "Shrak" and sell it to neighbors, or even to a small food market. Now that her husband has retired, they decided to expand her business and start making yogurt and cheese.
So Sabha has applied for this loan to renew the registration of their van so they can use it for distribution and buy a large quantity of milk in order to make cheese and yogurt.
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.