Tayseer is a 51-year-old father of three daughters. Being the only man with four females has given him more experience in female clothing styles, so he opened a small boutique that sells women’s clothing and dresses three years ago. He has applied for this loan for the first time to bring a new autumn and winter collection to the store to be prepared for the season and the upcoming holiday.
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.