Ayed is a 49-year-old father of three and runs his own retail business in Marka. He owns a small shop for children’s clothes. He has been in the business for almost three years now. He would like to get a loan so he can get a new autumn and winter clothing collection to cover all tastes and offer a variety of fashions so he can increase his sales and profits.
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.