Mahmoud was born in 1988. He is single and lives in a sector in Jordan called Marka with his parents and five siblings. Mahmoud has been making ash wood baskets and ash wood trays for one year. He started his project selling a small quantity of them to his neighbors and close friends, and he found it profitable. Now he wants to buy a larger quantity of ash to raise his productivity and income to start supporting his family. But he doesn't have enough money to do so. For this reason, he applied for this youth loan.
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.