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Murad
Murad is 23 years old and has been married for more than a year. He was blessed to have a baby daughter.

Four years ago Murad opened a store to sell water filters and over these years he was able to add more than one type of these filters and add a repair service, too, but now Murad wants to expand his business to cover more areas in Madaba, enlarge the store space, and bring in more types of filters.

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
  • 18
    View loans »
    Jordan Loans Fundraising
  • $7,462,175
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Murad to enlarge the store space and bring in more types of filters.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012