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Khaled
Khaled is a 43-year-old man who has four children. His wife Rehab is a driving teacher. Having experience in this field (teaching driving), Khaled decided to open a school to teach driving and mechanicA. skills. Now his school, “Asem for Driving Teaching” as he called it, has been running for two years. During these two years, he has obtained over 10 cars to use to teach driving.

Now Khaled has applied for a loan to add more cars and he want to improve the inside training rooms.

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
  • 16
    View loans »
    Jordan Loans Fundraising
  • $7,332,125
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Khaled to add more driver training cars and improve the training room decor .
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
Jun 2, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012