Yazan is a 31-year-old man married to a working wife. They have no children. For five years, Yazan has been running his own small restaurant where he makes take-away sandwiches and local appetizer plates. Yazan wants to improve his business by adding new types of sandwiches that are not currently available at his restaurant. Using the loan money, Yazan will buy more ingredients and food products for making these new sandwiches.
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.