Mohammad was born in 1974. He is married and lives in a sector in Jordan called Zarqa. Mohammad's business is the only source of income for him and his wife. He has been running his clothes store for 5 years. Now he is planning to purchase a new merchandise of summer clothes in order to raise his profit. But he doesn't have enough money to do so. For this reason, he has applied for this loan.
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.