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Nayef
Nayef is a 33-year-old man who got married a few months ago. He lives in A. Mafraq.

Nayef opened his own clothes store five years ago and expanded it through the years to become what it is now. He sells casuA. and formA. men's clothes. Now he has applied for a loan to bring in more products to the store, mainly the winter collection since we are now knocking on winter’s door. With the loan, he will be prepared for the upcoming Eid (Muslin pilgrimage) and holiday seasons.

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
  • $7,941,575
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Nayef to purchase more products for his clothing store.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013