Abbas, 40 years old, is a father of three daughters. Abbas own a small shop in the market. He has two sections in it: one for selling fruits and vegetable, the other for making sandwiches as take away snacks. It has been more than 10 years since he started the shop, and from this business, he is supporting his family.
Now Abbas has applied for a loan because he wants to expand the shop in order to separate the two sections from each other, and increase the amount of fruits and vegetable that he sells, since this is what the shop is basically made for.
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.