Mohammad is a 26-year-old single man who is living in his parents’ house. Since Mohammad has a good knowledge of computers and technology, he opened almost two years ago a small shop that has two sections: one is a café where he provides soft and hot drinks and sheesha (tobacco smoked in a pipe), and the other is an internet café.
Now Mohammad has applied for a loan to buy more assets for the shop and redecorate. In the future, he is planning to open each section of his shop in a separate place.
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.