Loai is a 22-year-old single guy. He works with his father in the entertainment business, participating in different types of parties – mostly kids' parties. Loai has applied for this loan in order to expand the business. With the expansion, they will be participating in more parties and festivals that are not exclusively for children. For that, he wants to buy DJ equipment.
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.