Ali was born in 1973. He lives in a sector in Jordan called Madaba. He has been running his store selling electrical machines for the past 15 years.
He has experience from taking many electricity courses.
Now he needs to buy more electrical machines for his store, which is now out of products. Adding new types of machines will help him attract more customers to raise his profit.
But he doesn't have enough money to do this step, so 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.