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Ahmad
Ahmad was born in 1962. He is married and has eight children. Ahmad has been running his own used furniture store since 18 years ago. He started his project selling a few pieces of furniture. Now, he wants expand his project and to raise his profit to be able to cover his children's needs and to provide them with the best education by buying a larger quantity of used furniture to sell. Unfortunately, he doesn't have enough money to do so. For this reason, he has applied for this loan.

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.

Tags

About Jordan

  • $3,740
    Average annual income
  • 33
    View loans »
    Jordan Loans Fundraising
  • $7,746,775
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Ahmad to buy more used furniture for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Dec 21, 2013
Currency Exchange Loss:
Possible
Ended:
May 18, 2015