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Faris
Faris was born in 1994. He is single and lives in a sector of Jordan called Karak with his four siblings and his parents. His father is a retired man. Faris has been trying his best to support his family financially by running his project of selling clothes, perfumes and accessories for five years.

He stared his project selling a small quantity of them. Now he would like expand his project by purchasing a larger quantity of clothes and perfumes in order to raise his profit. Btu he doesn't have enough money to do so. For this reason, he has 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
  • 22
    View loans »
    Jordan Loans Fundraising
  • $7,504,550
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Faris to buy more clothes and perfumes for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2014
Listed
Jan 29, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014