Mahmoud was born in 1965. He is a married man and a father of three sons. He is the only provider for the family. He has been running a restaurant for nine years where he serves several snacks. Because his tools are old, he needs to buy new machines, do some repairs, and buy decorations for his restaurant in order to attract more customers. But he doesn't have enough money to do so. For that, 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.