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Lutfi
Lutfi is a 53 year-old father for four sons. He has a mechanic shop that has been in business for the last six years. In his shop, he only changes some of the cars' parts and he now wants to add more cars' parts that were not available in the shop, to expand his business. He also wants to bring more brake and tire changing tools.

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
  • 15
    View loans »
    Jordan Loans Fundraising
  • $7,503,825
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Expired
A loan of $1,475 helped Lutfi to add more car parts and more brake and tire changing tools.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 30, 2013