Azzam was born in 1970. He is married and has five children. He lives at his own house and owns a washer repair shop. Azzam doesn’t earn enough income to allow him to import spare parts for the washers from the source. Now he is requesting a loan to import the spare parts that he needs and to expand his shop so that he can earn a better income.
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.