Mohammad is a 20-year-old single young man. He is an ambitious hard-working man who wanted to have his own business and wants to depend on himself to build his future.
After getting training courses as a hair stylist and barber, Mohammad opened a small barber shop two years ago to start his own business.
Now, two years after opening his shop, and after having a lot of regular customers, Mohammad wants to add a new service, skin cleaning, so he applied for this loan to buy a skin cleaning machine.
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.