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Hamda
Hamda is a 41-year-old married woman who is married to Nidal, a 44-year-old employee. Three years ago, they both opened a boutique in Marka and registered it under Hamda’s name. Since Nidal has a lot of experience in the market from his full time job, he helps her run the business from bringing goods to the store to selling them. This business is now a reliable income for their family. That’s why Hamda now wants to expand it by adding products to the boutique to be prepared for the upcoming religious celebration and holidays. Hamda is also looking forward to taking the shop next door as an expansion for her boutique. Hamda is a conservative person who preferred that her husband be in the picture instead of her.

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
  • 22
    View loans »
    Jordan Loans Fundraising
  • $7,941,575
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Hamda to add new models of clothes to her boutique.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012