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Mutaz
Mutaz was born in 1989. He is single and lives in a sector in Jordan called Madaba with his parents and three siblings. Mutaz has been selling mosaics for one year. He learned how to make them while working at the Scholars palace in Jordan. Then he started making them by himself at his house and selling them. He found this project profitable and now he needs to buy a larger quantity of raw materials and tools for his project such as pigments, paint with various colors and hammers in order to expand it successfully. However, he doesn't have enough money to do so. For this reason, he 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
  • $7,877,850
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mutaz to buy pigments, paint with various colors and hammers for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Nov 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015