National Microfinance Bank

What National Microfinance Bank does

National Microfinance Bank (NMB, also known as "Al Watani"; legal name: National Microfinance Company for Small Projects Finance) is a Jordanian microfinance institution incorporated as a private shareholding company in 2006 and licensed by the Central Bank of Jordan to deliver financial and non-financial services to underserved segments. The bank operates a 35-branch network covering every governorate of Jordan and serves 84,000–95,000+ active clients, with 55% of borrowers being women, and has cumulatively disbursed 676M+ JD across 782,000+ loans since inception. Its customer base spans micro and small entrepreneurs, low-income families, students, farmers, solar-energy adopters, and gig-economy scooter purchasers.

Name

National Microfinance Bank

Legal name

National Microfinance Company for Small Projects Finance

Website

https://nmb.com.jo

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

NMB is a Jordanian microfinance institution licensed by the Central Bank of Jordan, operating 35 branches nationwide and serving 95,000+ active clients — primarily micro/small entrepreneurs, low-income families, farmers, and students — through a 10-product lending portfolio delivered via branch, mobile app, and national digital payment rails.

Ownership category

akta.pro rank

Product category

Microfinance

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

Microfinance, Financial Inclusion & Inclusive Markets (BPAGABAM), Agricultural & Rural Microfinance (FSAKAGAG), Small Business & Self-Employment Personal Finance (Income, Expenses, Cash Reserves) (EDAAAJAL)

Keywords

• Microfinance loans
• Small business lending
• Agricultural financing
• Education loans
• Financial inclusion

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices35 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Microfinance Loan Interest: National Microfinance Bank generates revenue primarily through interest charged on microfinance loans extended to micro and small entrepreneurs, low-income families, farmers, students, and other targeted segments. Loans range from 400 JD to 50,000 JD with interest rates varying by product type (e.g., Watani loan at 21% annually, Education loan at 14-21% depending on grades, Green loan at 6% annually through designated companies, Solar Energy loan at 6% annually through designated companies).

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels11 records

Core offering

National Microfinance Bank is a Jordanian microfinance institution that extends a portfolio of small-ticket loans (400–50,000 JD) to micro and small entrepreneurs, low-income families, farmers, students, and environmentally conscious individuals, alongside non-financial services such as training, micro insurance, and financial literacy programs. Loan products span personal/business (Watani, Mashrooi, Dual), education, agriculture (Bithar), welfare (Rafah), green/renewable energy (Green, Solar Energy), and income-generating assets (Scooter, Istithmari), delivered through 35 branches, a mobile app, and national digital payment rails.

Product overview

National Microfinance Bank operates as a microfinance institution offering a portfolio of loan products alongside digital services. The core product suite includes Watani Loan and Mashrooi Loan for personal/business use, Istithmari Loan for medium enterprises, Dual Loan combining collaborative financing features, and specialized products including Education Loan (with partnerships at Luminus and Royal Academy for Culinary Arts), Green Loan, Rafah Loan (welfare), Bithar Loan (agricultural), Solar Energy Loan, and Scooter Product. Digital services include the NMB Mobile Application, Electronic Wallet integration with UWallet, e-fawateercom bill payment service, and Loan Status Tracking. The company also offers non-financial services including training, micro insurance, social services, marketing support, and prizes through partnerships with organizations like Injaz, CAWTAR, and Zain Jordan. Services are delivered through 35 branches across Jordan.

Differentiator

Problem solved

Functional benefit

Brands

• Watani Coins: A customer relationship-based loyalty program that gives customers points based on their transactions with the National Microfinance Bank.

Products and services

• Watani Loan General personal and small business loan for home business startups, active business improvements, health expenses, home improvements, and debt resolution. Available in tiers A and B with loan amounts 400–1,000 JD, repayment terms up to 22 months, and a 21% annual interest rate (1.75% monthly). A personal guarantor is required.
• Mashrooi Loan Business project loan for home business startups or improving active small businesses, including unregistered home businesses and poor families. Offered in multiple tiers with varying loan amounts and repayment periods.
• Istithmari Loan (Investment Loan) Investment loan designed for medium-sized registered business owners for financing capital or purchases, targeting businesses with strong and steady cash flows. Loan amounts 5,001–50,000 JD, maximum 48-month repayment, at 11% annually (0.916% monthly).
• Dual Loan (Tasharoki) Flexible loan combining independent loan features with group lending options; both parties receive one cheque and share repayment responsibility. Available in tiers A–E with loan amounts 400–4,000 JD, repayment up to 40 months, at 18%–21% annually. Suitable for home microbusinesses and personal needs including health expenses and car-related obligations.
• Education Loan Tuition and education-related financing for school and university students; loan amounts 400–3,000 JD, 15–30 month repayment, 14%–21% annually with discounts for very good/excellent grades, volunteers, students with disabilities, and students with siblings in university. Includes 0% interest credit lines of up to 9,000 JOD (diploma) and 20,000 JOD (bachelor's) for Luminus Technical University students.
• Green Loan Eco-friendly loan for purchasing energy-saving home appliances, with loan amounts 400–3,000 JD, 18–36 month repayment, at 6% annually (0.5% monthly). Not subject to early payment policy.
• Rafah Loan Welfare loan for low-income families to improve standard of living, covering home improvements, household assets, treatment expenses, car completion/maintenance, and general consumer purposes not related to business. Loan amounts 1,001–5,000 JD, 26–40 month repayment, 16.8%–20.4% annually across tiers A–D.
• Bithar Agricultural Loan Agricultural loan targeting farmers and agricultural businesses with land or cattle, supporting seasonal purchases of crops or animals and nourishment projects. Loan amounts 500–3,500 JD, 20–36 month repayment, 18%–19.8% annually across tiers A–C.
• Solar Energy Loan Green loan for installing solar cell systems on residential or commercial properties, supporting renewable energy adoption. Loan amounts 1,000–4,000 JD, 30–40 month repayment, at 6% annually through designated partner companies (14% annually through undesignated companies). Not subject to early payment policy.
• Scooter Loan Vehicle financing for scooter purchases designed for youth and individuals seeking income-generating opportunities through delivery services. Loan amounts 1,000–3,000 JD, 30–36 month repayment, 19%–20% annually across tiers B and C.
• NMB Mobile Application Smartphone application enabling NMB customers to view loan details, submit funding requests, locate branches, communicate with branches, and make monthly payments through integrated electronic wallet. Available on iOS and Android via Google Play and Apple App Store.
• Electronic Wallet Payment Service (UWallet integration) Digital wallet integration enabling customers to make loan payments through the NMB mobile application using the UWallet e-wallet service.
• Watani Coins Loyalty Program Customer relationship-based loyalty program offering points for transactions with NMB; points can be redeemed for cash credits to e-wallet. (Program temporarily discontinued per website.)
• e-fawateercom Bill Payment Service Electronic bill payment service operated under Central Bank of Jordan supervision that allows NMB customers to make monthly loan repayments through all operating banks and approved service providers in Jordan using their customer number, without visiting branches.
• Online Loan Status Tracking Online service allowing customers to check their loan application status by entering their national ID and registered phone number.

Quantifiable outcome

• 95,000+ active clients served across 35 branches in Jordan
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

28 partnerships are on record, tiered core, flagship and minor.

• UNDP JordancoreStrategic or Co-development PartnerUnited Nations Development Programme (UNDP) partners with National Microfinance Bank on development initiatives supporting entrepreneurs and financial inclusion in Jordan.
• USAIDcoreStrategic or Co-development PartnerUSAID partners with NMB through the LENS (Linking Employment, Work, and Economic Development) program to support micro and small enterprises in Jordan.
• Arab Gulf Program for Development (AGFUND)flagshipStrategic or Co-development PartnerAGFUND (الاجفند) is a key strategic partner supporting National Microfinance Bank's Link Program for beneficiary graduation from micro to SME levels. AGFUND's Microfinance Unit program aims to build the capacity of microfinance institutions in the Arab region. NMB's General Manager represents AGFUND at regional forums. AGFUND Executive Director Hammam Bin Jreid visited NMB headquarters in May 2026.
• Crown Prince Foundation (Jordan)coreStrategic or Co-development PartnerNational Microfinance Bank collaborates with the Crown Prince Foundation in Madaba to conduct Digital Financial Literacy sessions for women under the DFL4W (Digital Financial Literacy for Women) Project, aiming to economically empower women through digital financial skills.
• Sanabel NetworkcoreStrategic or Co-development PartnerSanabel is the Arab Microfinance Network. National Microfinance Bank actively participates in the annual Sanabel Conference (16th in 2024, 17th in 2026) and is a member of the Sanabel network, contributing to knowledge exchange and best practices in Arab microfinance.
• Al-Amal Bank (Yemen)minorStrategic or Co-development PartnerDelegation from Al-Amal Bank in Yemen visited National Microfinance Bank as part of the AGFUND Microfinance Unit program to learn about NMB's experience and achievements in microfinance sector development.
• Al-Ibda'a Bank (Syria)minorStrategic or Co-development PartnerDelegation from Al-Ibda'a Bank in Syria visited National Microfinance Bank under the AGFUND Microfinance Unit program to study NMB's microfinance sector experience and digital transformation achievements.
• Sharakah Company (Oman)minorStrategic or Co-development PartnerSharakah Company from Oman, established by royal decree to support SMEs, visited National Microfinance Bank to review its experience in fostering the Jordanian microfinance sector and SME landscape. Led by CEO Ali Muqaibal.
• National Agricultural Research Center (NARC) - JordancoreStrategic or Co-development PartnerNational Microfinance Bank signed an MOU with NARC in November 2023 to provide technical support, training, and business incubation services for small-scale farmers and young agricultural entrepreneurs. NMB will provide financing for farmers participating in NARC projects.
• Arab Open University (Jordan)minorImplementation/ SI/ Consulting PartnerNational Microfinance Bank organized a credit analysis training workshop under the Leadership Program for its employees at Arab Open University, aimed at empowering staff with financial analysis skills for credit decision-making.
• Injaz Foundation (Jordan)coreStrategic or Co-development PartnerNMB collaborates with Injaz Foundation on the 'Adopt a School' program delivering workplace communication skills lectures, and the 'Me and My Environment' program for school students in local communities, building life and educational skills among youth.
• Zain JordancoreStrategic or Co-development PartnerZain Jordan is listed as a partner, likely providing telecommunications infrastructure or mobile money integration for NMB's digital financial services.
• UWalletcoreTechnology or IntegrationUWallet is an electronic wallet service that enables NMB customers to make monthly loan payments through the NMB mobile application. NMB refers customers to UWallet for wallet creation and uses it as a payment channel.
• e-fawateercomcoreTechnology or Integratione-fawateercom (i.e., your invoices) is a national e-payment service under Central Bank of Jordan supervision that enables NMB customers to make loan repayments through all operating banks and approved service providers without visiting branches.
• Royal Academy of Culinary Arts (RACA) - JordancoreStrategic or Co-development PartnerNMB provides education loans for students enrolled at the Royal Academy of Culinary Arts through a specialized loan product with simple procedures. Loans are disbursed directly to the academy with a list of benefiting students.
• Luminus Technical University CollegecoreStrategic or Co-development PartnerNMB provides interest-free (0%) education funding for Luminus College students in Irbid and Amman branches - credit lines up to 9,000 JOD for diploma students and 20,000 JOD for bachelor's/british diploma students covering full tuition for all academic years.
• Islamic Development Bank (ISDB)coreStrategic or Co-development PartnerNMB held a tripartite meeting with Islamic Development Bank and UN Women to discuss cooperation on a project titled 'Enhancing Women's Digital Financial Literacy,' aimed at economically empowering women by developing digital financial skills and supporting small business management.
• UN WomencoreStrategic or Co-development PartnerNMB, Islamic Development Bank, and UN Women met to launch a project for 'Enhancing Women's Digital Financial Literacy' to economically empower women in Jordan through digital financial tools and entrepreneurship support.
• Jordan Enterprise Development Corporation (JEDCO)coreStrategic or Co-development PartnerNMB served as an implementing partner in the Rural Economic Development and Employment Program (Achievements and Aspirations) organized by JEDCO, benefiting approximately 16,000 individuals and creating 7,500+ job opportunities across Jordan.
• Blumont InternationalminorStrategic or Co-development PartnerNMB participated in an awareness workshop under the 'Taqadum Al-Mal' project implemented by Blumont International in Jordan and funded by GIZ under the IFIN project, targeting 240 small projects through training and improved access to financial services.
• CAWTAR (Center of Arab Women for Training and Research)coreStrategic or Co-development PartnerNMB partners with CAWTAR on gender and development initiatives, including the 'Promoting Digital Financial Literacy for Women' project (DFL4W) in collaboration with the Islamic Development Bank, aiming to train 6,000 women across Jordan's governorates.
• Mercy Corps JordanminorStrategic or Co-development PartnerNMB participated in a workshop organized by Mercy Corps Jordan within the 'Iqlaa' (Productivity Enhancement) program, which facilitates access to financing for micro and small projects in Jordan in collaboration with Jordan Loan Guarantee Corporation.
• Al-Ahliyya Amman University (AAUC2) Cybersecurity CenterminorStrategic or Co-development PartnerNMB participated in an international workshop on 'Blockchain, Cybersecurity, and Machine Learning: Strategic Synergies' organized by AAUC2's Cybersecurity Center in collaboration with the Cybersecurity Center of the Association of Arab Universities.
• CIPT For International Training - FOCUSminorImplementation/ SI/ Consulting PartnerNMB collaborated with CIPT For International Training (FOCUS) to deliver an international TOT (Training of Trainers) course for several NMB employees over 5 days at the bank's headquarters.
• Altibbi AppminorStrategic or Co-development PartnerNMB signed a partnership agreement with Altibbi App in February 2025 to enhance digital healthcare services for NMB clients, integrating telemedicine and health-related digital services with NMB's financial offerings.
• MadfoatCom InitiativeminorStrategic or Co-development PartnerNMB signed a Memorandum of Understanding with MadfoatCom Initiative in August 2024, in partnership with The Challenge Fund for Youth Employment, to support youth employment and small business development programs.
• Zain Innovation Platform (ZINC)minorStrategic or Co-development PartnerNMB participated in Entrepreneurship Week activities in collaboration with Zain Innovation Platform (ZINC) as part of initiatives supporting entrepreneurship and innovation among youth.
• ESCWA (UN Economic and Social Commission for Western Asia)minorStrategic or Co-development PartnerNMB participated in the Arab SMEs Summit 2023 in Morocco organized by ESCWA (part of the United Nations) in collaboration with AGFUND, serving as a regional platform for policymakers and decision-makers to propose policies supporting SMEs in the Arab region.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Al-Amal Microfinance Bank (Yemen): Yemen-based MFI whose delegation visited NMB as part of AGFUND's Microfinance Unit knowledge-exchange program. Directly comparable Arabic-region MFI serving similar segments.
• Vitas Palestine: Palestinian MFI serving micro and small enterprises across the West Bank and Gaza. Operates the same model of small-ticket microcredit to underserved populations under a similar regulatory and donor-partner framework.
• Ibdaa Microfinance Bank (Syria): Syrian MFI that visited NMB under the AGFUND Microfinance Unit program. Functional peer in the Arab microfinance sector with comparable mission and product set, though based in a different and conflict-affected jurisdiction.
• Al Kashf Financial (Lebanon): Lebanese MFI providing microcredit to micro-entrepreneurs. Operates with a similar business model serving low-income clients in the Levant region.
• Al Majmoua (Lebanese Association for Development): One of the leading MFIs in Lebanon, serving micro-entrepreneurs and small businesses with a similar outreach-driven model. Comparable in mission and target segments but operates in a different national market.

Broad incumbents

• FINCA Microfinance: Global microfinance network operating in many countries including Jordan-adjacent markets. Offers broadly overlapping products to underserved clients at greater scale, but as part of a multi-country portfolio rather than Jordan-specialized.
• BRAC Microfinance: One of the world's largest microfinance providers, with deep experience serving low-income borrowers through group and individual lending. Comparable mission and methodology; broader and more diversified global footprint than NMB.
• ProCredit Bank: International banking group with strong SME and microfinance orientation across Eastern Europe and MENA adjacent markets. Broadly comparable target segment and product approach, but operates as a regulated bank rather than a specialized microfinance institution.

Direct peers

• Tanmeyah Microfinance: Egypt-based MFI listed as a partner on NMB's website. Directly comparable MENA microfinance institution serving micro and small entrepreneurs with a similar diversified loan product suite, branch distribution, and digital channels, making it the closest functional peer.

Emerging players

• World Vision Microfinance (Jordan): NGO-linked microfinance initiative active in Jordan with similar beneficiary focus. Comparable in segment targeting (low-income and refugee-adjacent populations) and donor-funded model, though smaller and embedded within a wider development program.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nmbjor
• YouTubeyoutube.com/@NMCJo
• Facebookfacebook.com/nmcjo
• LinkedInlinkedin.com/company/nmcjo
• Instagraminstagram.com/nmcjo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Microfinance Bank