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Raeda
Raeda is a 39-year-old married woman. She has four children and works in a full time job at the Ministry of Education in Jordan. She and her husband decided to start another small business to help them have more income to support the family.

Their business is selling some goods from their house including blankets, shoes, food like nuts, and other kind of goods. This business has been running for five years now. During this time, they were able to buy a bus so they can reach as many areas as they can to sell their goods.

Now Raeda is applying for a loan to add more types of goods based on their customers needs and to buy another bus in the future.

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.

About Jordan

  • $3,740
    Average annual income
  • 18
    View loans »
    Jordan Loans Fundraising
  • $7,434,500
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,775 helped Raeda to buy more goods based on their customers needs.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
Apr 22, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013