Mohammad was born in 1980. He is married and has 2 sons. He is living in a sector of Jordan called Southern Ghour. Mohammad has been running his store for 5 years, selling vehicle spare parts and car repairing tools. He is trying his best to cover his family's needs, and his store is his only source of income.
He needs to expand it in order to earn a better income and more profit. Now he needs to buy a larger quantity of vehicle spare parts to raise his income, but he doesn't have enough money to do so. For this reason, he has applied for this 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.