Khaled is a 55-year-old retired man who is married and has seven sons and daughters. Two of his sons have gotten married already.
After retirement, Khaled opened a car repair shop for repairing and selling some car parts. At first, it was a little bit challenging since he had no experience in that field. However, to be able to support his family and make his business work, he learned all that he needed in a short time until he is now one of the best-known car repair shops in the area.
Khaled has applied today for a loan in order to add some decoration to the shop and buy products that are missing from his store.
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.