Tawfeeq was born in 1957. He is married and has six children. Tawfeeq has been working in his own rented bakery for one year with his son. His bakery is located in Wihdat, which is an area in Amman. One of the obstacles he faces is that he has many competitors in the same area. Tawfeeq is seeking a loan to buy a baking machine to make desserts and to change the decoration of his bakery in order to raise his 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.