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Tareq
Tareq is a 26-year-old guy who recently got married. He works in a governmental entity.

Tareq used to go to cafés with his friends almost on a daily basis where they would enjoy having coffee and smoking a 'hooka' (waterpipe). From there he decided to open his own café to make money rather than spending a lot on his evenings. Having two jobs has allowed Tareq to get married at a young age and he is looking forward to starting his own family.

For that reason, he wants to enhance his café and add a new type of drinks to his menu. That is why he has applied for a youth loan. In the future he also wants to be able to serve food plates beside drinks and 'hooka'.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 17
    View loans »
    Jordan Loans Fundraising
  • $7,423,000
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Tareq to add a new type of drinks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013