Faisal is a 25-year-old single guy. He lives with his mother and two brothers after their father passed away.
Faisal has a very independent personality; he started his own business by opening a clothing store almost three years ago. From the profit he made he was able to bring in more clothes and change the interior decorations.
Now Faisal has applied for this youth loan to prepare the store for the summer season and bring in the new collection.
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.