Ogab is 44 years old. After retiring from the military, he opened his own stationary store selling office stationary and some computer parts. He also has a copy machine for those who want to copy some papers or documents. The store has been successfully running for six years. Now Ogab has applied for this loan in order to redecorate the stationary store to be more organized.
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.