Azzam, 45, supports a family of four members. With his warm smile he welcomes and serves his customers in his grocery store that is located near his house in Al Zarqa. Azzam sells different types of food products such as canned beans, sugar, candy and others. He also has a small section selling frozen products that he wants to expand, so he applied for a loan to buy more frozen products such as chicken and other meats.
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.