Khalid, 39 years old, is married to Naimah, 31, and has five children. They have been living in a rented house in A. Zarqa for five years now.
Khalid owns a small restaurant that sells hummus, falafel and sandwiches in a very active area where most of the people come to buy breakfast from him. He has been working in this field for four years. Now Khalid wants to expand and improve the service he provides at his restaurant by adding another refrigerator for drinks. That’s why he applied for this loan.
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.