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Rena
Rena, a 41-year-old housewife, chose to start buying baby and kids clothes at wholesale prices to sell to her neighbors and relatives. Because Rena is a conservative person, she asked her son, Ahmad, to be in the photo instead. It has been two years now since she started her business. She is based at home to help her husband support the family. Ahmad helps his mom buy the clothes. Now Rena is applying for a loan to buy more winter clothes to cover her customers' needs.

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
  • 19
    View loans »
    Jordan Loans Fundraising
  • $7,423,000
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Rena to buy more winter clothes to cover her customers' needs.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2011
Listed
Jan 10, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013