Zaid is 40 years old, a married man living in Ajloun, Jordan with his wife and five children. As he is the only provider for his family, he started his own business, running his mini-market for five years, and he started expanding it after he started receiving requests from his customers in his neighborhood. Now his mini-market is out of products, and he is planning to stock it by adding new products, but he doesn't have enough money to do so. For that 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.