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Faisal
Faisal is a 20-year-old man. He was able to open a small restaurant with his father that serves sandwiches and delicious dishes such as like "homos" (chickpea paste) and "fool" (broad beans) and "falafel".

Faisal has been working at the restaurant for almost two years now and has gained a lot of experience during this time. In order to expand and improve the restaurant, he applied for this loan to buy new equipment such as a larger fridge as a first step toward achieving his purpose.

Additional Information

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.

About Jordan

  • $3,740
    Average annual income
  • 59
    View loans »
    Jordan Loans Fundraising
  • $7,609,950
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Faisal to buy new refrigerator for his restaurant.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2011
Listed
Mar 31, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011