National Microfinance Bank (NMB)

Posted on June 4, 2018 in 2_Country Profiles, EARLY STAGE, Jordan, Jordan-EarlyStage

Name	National Microfinance Bank (NMB)
Typology	Microfinance Bank
Description	National Microfinance Bank (Alwatani) is a Jordanian private shareholding not-for-profit company that finances income generating projects for underserved segments of society, spreads a culture of micro credit and entrepreneurship and carries out mission driven activities. NMB was established as a partnership between King Abdullah II Fund for Development (KAFD), Arab Gulf Program for Development (AGFUND), and two private sector investors. The concept of NMB stems from His Royal Highness’, Prince Talal bin Abdul-Aziz’s initiative to establish banks for micro and small entrepreneurs throughout the Arab World.
Location	Al Jubeha – Yajuz St.
Geographical scope	NMB serves all Jordanian Governorates through it’s branches Network
Experiences in financing eco innovative projects	NMB’s Green Loan is still under development .
Instruments	Loans to finance existing businesses however a start-up product is being developed as well.
Average investment – amount	Loans up to 50000 JD.

Scope of operations – Industry/tags	NMB finances industrial, services, trade sectors & agricultural sectors.
Phase of grow – business stage and target group of clients	Early stage
Most important prerequisites for financing a project	Proper Documents Guarantors
Most important barriers that prevent financing	Lack of proper documentation for SME’s
Minimum investment required	N/A
Currently available financial products	See attached fact sheet