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Mahmoud
Mahmoud was born in 1983. He lives in a rented house with his five siblings and his parents. Mahmoud has been selling soft drinks and fresh juice at his own store. He started his project by working as an employee at a cafe. Then he owned it. He is planning to raise his income in the future by adding variety to his products.

Now Mahmoud needs to buy a new juice machine to raise his productivity and to sell different types of juices. But he doesn't have enough money to do so. For this reason, Mahmoud 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
  • 29
    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 $2,600 helped Mahmoud to buy a new juice machine for his business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015