Shahadeh is a 38-year–old man who married his wife in 2004 and had four adorable children.
Three years ago, Shahadeh opened a small store for mobile telephones sales, and through the years, he added many other services such as fixing mobiles, selling mobile accessories, and selling scented oils and perfumes.
Shahadeh has now applied for this loan so he can buy a few of the latest models of cell phones and renew the storefront.
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.