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Nayel
Nayel was born in 1960. He is married and lives in Rsaifeh, Jordan with his wife as well as four sons and daughters. Nayel launched his mini-market two years ago to be a good provider for his family. His business was profitable to him and he is seeking to expand it more in the future. Now he is seeking a loan to supply his mini-market with new products. But he doesn't have enough money to do so. For that, 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
  • 11
    View loans »
    Jordan Loans Fundraising
  • $7,498,775
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Expired
A loan of $1,625 helped Nayel to supply his mini-market with new products.
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2014
Listed
Aug 20, 2014
Currency Exchange Loss:
Possible
Expired:
Sep 19, 2014