Tayseer, 39, is a hard working man; he is supporting a family of five by selling fluffy candy (cotton candy) on his cart around the neighborhood. Every day, he wakes up early in the morning to make the candy, packs it, and sometimes attaches a small toy with each piece and starts selling in the afternoon until late in the evening. His old machine needs a lot of maintenance. For that, he applied for this loan to fix the current machine until he can afford to buy a new one.
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.