Mohammad is a 56-year-old retired man. He lives in Al Karak with his wife and 14-year-old daughter.
Recently, Mohammad has opened an accessories store in Al Karak but did not include a lot of items in the beginning until he studied what is suitable and affordable for those in his area. Now Mohammad has applied for a loan to expand his business and add more items such as make-up and perfumes.
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.