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Mohammad
Mohammad was born in 1995. He lives in a sector in Jordan called Karak with his parents and 8 siblings. Mohammad has been selling computer parts, CDs, and headphones for 9 months. He started his business by buying a small quantity of products. Now he wants to buy a larger quantity of CDs and computer parts so he can increase his profit and income and start supporting his family financially. But as he doesn't have enough money for the purchase, 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.

About Jordan

  • $3,740
    Average annual income
  • 20
    View loans »
    Jordan Loans Fundraising
  • $7,332,125
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mohammad to buy more CDs and computer parts for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014