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Ra’eqa A. K., who has creative and artistic ideas, decided to learn from her husband’s previous experience in carpet weaving and spinning, and combine it with her creative skill to start their own business five years ago.

Ra’eqa started to create beautiful carpet designs and work with her husband in turning those designs into actual carpets in many sizes and sell them. Their carpets now are known in their city Zarqa,

Ra’eqa has applied for this loan to be able to open their own shop since they are now working at their house. In the future their ambition is to open other branches so they can reach all Jordanian cities.

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

  • $6,100
    Average annual income
  • 33
    View loans »
    Jordan Loans Fundraising
  • $8,026,500
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Ra'eqa to open their own shop for carpet-weaving and spinning.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Apr 24, 2011
Apr 25, 2011
Currency Exchange Loss:
Apr 15, 2012