Mohammad, 40 years old, is a retired military man married to Kefah, a 40-year-old housewife. They have four children all under the age of 15 and they live in a rented house in Madaba.
Mohammad opened a small food market beside his house after retirement to be able to have another income sources to support his family and his young kids. It has been a year now since he opened his business and it has been running successfully in the neighborhood.
Now Mohamad has applied for a loan to buy more goods from the suppliers and to redecorate the food market in order to attract more customers and to have the space to add new products or goods.
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.