Belal, a 35-years-old married man and a father of three children. His wife currently works in the Ministry of Health when he decided to open his own business. Belal started his business by renting a small store and then turned it into a mini market to sell some basic food products and goods to the neighborhood. Now Belal has expanded by renting the store next door. Now he is seeking a loan to increase the quantity of goods he has to market as well as to add some variety in what he sells to satisfy all tastes of his customers.
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.