Haytham is a 47-year-old man who is supporting a family of seven members. He recently retired from a private company and started his own business.
Haytham opened an electronics repair shop two years ago so as to have another monthly income beside his retirement. In his shop he repairs mostly TVs, stereos, etc.
Now he has applied for a loan to buy more tools that are required for improving his service, and he also wants to expand the shop space or area so it can fit more electronics and maybe hire someone to help him.
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.