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Mohammad
Mohammad is 37 years old and a teacher, who also opened a book and stationery shop nine years ago to work at after school.

Because of the great location that he got for his stationary shop in front of a very popular school, he had to employ more people to help him serve the students' needs. He also asked his customers what was missing in his shop and in no time provided them with it: children's toys, school bags, certain gifts, etc.

Now Mohammad is applying for a loan to buy another copy machine that is more functional than the older one he has so he can provide the best service in less time.

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
  • 32
    View loans »
    Jordan Loans Fundraising
  • $7,721,550
    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 another copy machine for his book and stationery shop.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2011
Listed
Jul 3, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012