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Hani
Hani is a 37-year-old married man who lives with his family in Al Mafraq, Jordan. Because the living costs in Jordan have increased based on demand driven by Syria, he hasn’t been able to find a job that will help him cover his children’s needs. For the past nine years, Hami has been running a business selling accessories, perfumes, stationary, and tools. His business is his only source of income.

Hami is requesting a loan to buy more goods to sell as well as a special printing machine to earn more profits. He is planning to improve his business.

Additional Information

More information about this loan

This loan targets individuals in areas of Jordan who have been affected by the ongoing conflict in neighboring Syria. With hundreds of thousands of Syrian refugees now in Jordan, socio-economic tensions have greatly increased in towns close to the border. Due to the influx of people seeking employment in these areas, jobs have become scarce and many Jordanians are suffering economically as a result. By supporting this loan, you are helping an individual who has faced increasing economical hardships in recent years, including price inflation, lower salaries and greater job competition.

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
  • 18
    View loans »
    Jordan Loans Fundraising
  • $7,462,175
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,875 helped Hani to buy more goods to sell as well as a special printing machine.
46% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
Possible