Mahmoud K. is an ambitious young man who started his own business three years ago. He sells frozen chicken, other meat, vegetables, and yogurt at his shop. He has been working for three years now and was able to add more refrigerators from the profit he made through these years.
In order to cover all of the local area’s needs in Al Mafraq where he lives, Mahmoud wants to add more products to sell such as oil and other food products, in other words he wants to turn the shop into a mini-market. To be able to do that, he applied for this loan so he can buy his mini-market supplies and start developing his business
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.