Omar is a 52-year-old father of five children. To be able to provide for their needs, he opened a retail store where he sells various things like home products and computer supplies. He also has in his store a small section for selling food products. Omar is seeking a loan to expand the food section as it has attracted increasing demand. He wants to offer new types of basic food products like sugar, rice, flour and canned food.
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.