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Mohammad
Mohammad is a 46-year-old man, married to two ladies and has 3 children: 2 sons and a daughter.

Using his 12 years of experience in trading and business, Mohammad decided to start his own business by renting a shop to sell frozen goods two years ago. He has been successfully running it since then.

Mohammad applied for a loan to expand his business; he will be using the loan to buy more display refrigerators to introduce new varieties of goods to cover the needs of the people in his area.

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

  • $6,100
    Average annual income
  • 13
    View loans »
    Jordan Loans Fundraising
  • $7,840,775
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Mohammad to buy more display refrigerators to introduce new varieties of goods.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2011
Listed
Mar 31, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011