Abd Alrahman is a 26-year-old man, who recently got married.
Four years ago Abd Alrahman opened a shop to sell frozen goods such as meat, chicken, fish, etc. He even has the equipment to prepare the goods in any shape the customer wants (slices, chopped, etc.). And from his income, he was able to get married on his own and start a family.
Now Abd Alrahman has applied for this loan in order to improve his store and open another branch in another area as an expansion of his business.
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.