Moawiah is a 31 years old and single. He has three siblings and they live with their parents. Moawiah works in a governmental entity during the day and after that he goes to his shop where he sells tissues, baby paper goods and some cleaning products. Now, he is applying for this loan to increase the quantity and variety of goods to sell to increase his 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.