Yousef is 33 years old. He lives in Mafraq, Jordan, and is a father of three children. His project started two years ago; it is his only source of income and depends on the customers’ requests.
Yousef would like to buy supplies for Ramadan like dates and desserts and a freezer, but he doesn’t have enough money to buy them. As a result, he is asking for a loan to be able to purchase them and expand his project. Yousef is also planning to buy a meat chopper in the future.
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.