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Mohammad
Mohammad, who was born in 1972, is married and lives with his wife in Rsaifeh-Jordan. He has been working in water distribution and water cleaning for two years.

Mohammad's business is the only source of income for his family, and he is now seeking to increase his profits by repairing his machines. He has therefore 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

  • $6,100
    Average annual income
  • 1
    View loans »
    Jordan Loans Fundraising
  • $7,836,875
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,450 helped Mohammad to repair his water-cleaning machines.
50% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
Possible