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Hamzah
Hamzah is an ambitious 21-year-old young man. He started to work and support himself when he was young so that he could save for his future to get a house and to have a family. He built a special tent to sell watermelon and vegetables based on the season.

Hamzah started his own business four years ago selling different kinds of vegetables (mainly watermelon) and has been successfully running since then. People trust buying from his because he makes sure that his vegetables are always fresh and his prices are reasonable. After having good experience in this field, Hamzah has applied for a new loan to expand his business by opening another branch in another area and to start selling fruits in addition to vegetables.

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
  • 26
    View loans »
    Jordan Loans Fundraising
  • $7,922,800
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Hamzah to open another branch to sell fruits and vegetables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2011
Listed
May 22, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012