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Mohammad

Update on Mohammad

Mohammad was born in 1989. He is single and lives in a sector in Jordan called Madaba with his parents. His father works at a governmental entity. Mohammad has been making mosaic art work since childhood. He started his business doing small simple crafts. Then he started to expand it by making his mosaic art on boxes and frames and selling them. He found his business profitable and a good support for his family. Now he wants to rent a store where he can do his work professionally and where he can put his products for sale. Because he doesn't have enough money to do so, he has applied for this youth loan.

Previous Loan Details

Mohammad is a single, 23-year-old man. He is talented when it comes to making mosaic art work, so he chose it as a profession. Now Mohammad has applied for a loan so he can buy more frames and mosaic stones to make more artwork. More from Mohammad's previous 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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Jordan

  • $3,740
    Average annual income
  • 16
    View loans »
    Jordan Loans Fundraising
  • $7,423,000
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Mohammad to rent a store for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Jan 5, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015