Alaa is a 28-year-old single man, who opened a small food store four years ago. From the profit that he makes from the store, he is planning to marry and have his own family. To be able to do that, and to be well prepared to start a new family, Alaa sees that he should improve his food store by adding more products to make more profit. He also wants to build a storage for the store. In order to achieve that, he has applied for a loan to start the store improvement phase step-by-step.
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.