Khaled, 21 years old and a single guy, lives with his mother along with his seven brothers and one sister.
After their father passed away, it was time for the guys to start working together and help each other to support the whole family. One of them is Khaled who opened a shoe and clothes shop in the market and has been managing it for two years now. He has applied for this loan to bring in a new spring selection of clothes.
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.