National Microfinance Bank (NMB)

National Microfinance Bank (NMB)

1. Description

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.

2. Investor Criteria

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
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

3. Contact details

Contact persons / emails
Address and telephone 079 902 6738
Amman – Aljubeha – Yajuz st.
Web site