Mohammad, 32, is married and has two sons and two daughters. Mohammad owns and works in an equipment repairing shop. He also sells used equipment, after he fixes them in his shop if they need repairing. Now, Mohammad wants to enhance his shop by making a new storefront for it. He will use this loan for that purpose.
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.