Hussein is a 31-year-old man who works as a governmental employee in day time, and in the afternoon he has a small kiosk where he sells hot drinks, mainly coffee and tea. Step by step Hussein is trying to enlarge the business and turn it into a small café, but for now he is asking for this loan to get more types of hot drinks to serve.
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.