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Majdi
Majdi was born in 1990. He lives with his family, which consists of three brothers and his parents in a sector in Jordan called Southern Ghour. Majdi has been selling foodstuffs and cleaners for six months. He started his project with a small amount of money. Then he started to expand it slowly until he had his mini market. He is planning to add variety to his products and to expand his mini market by adding a freezer and other products in the future. Now he needs to buy new merchandise to increase his profit and income but he doesn't have enough money to buy it. For this reason, he has applied for this youth loan.

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.

Tags

About Jordan

  • $6,100
    Average annual income
  • 11
    View loans »
    Jordan Loans Fundraising
  • $7,840,775
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Majdi to buy new foodstuff merchandise for his mini market.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2015