Saeed is a 53-year-old man who is supporting a family of seven members; two of his children are college students.
Saeed has been working at his barber shop for many years, and with each year he enhances the shop whether by adding a new service section or by buying new tools for the shop.
Now Saeed has applied for a loan to add another seat to the shop to be able to serve more people at the same time and therefore make more profit.
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.