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Ibtisam
Ibtisam is 41 years old and a single lady. Her family are known for making rugs from older generations, but they all used to make them by hand and at their houses.

Ibtisam has always helped her family since she was young, which gives her the experience to start a business out of them and improve the process of making them. so six years ago she bought special machines for making those rugs and sells them in the market. And through these six years, Ibtisam was able to expand the business and make a medium-sized workshop, employing people to support their families.

She also started participating in showrooms and exhibitions to show her products that were not only limited to rugs used on floors, but she also created wall hanging rugs, and also recently started taking special orders to make a specific picture on the rug using wool.

Now Ibtisam has applied for a loan so start working on expanding her business and build a bigger workshop or a factory for making rugs where she will be able to help more families, and she also wants to start conducting training courses to teach rug-making for youths.

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
  • 2
    View loans »
    Jordan Loans Fundraising
  • $7,840,775
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Ibtisam to start working on expanding her business and build a bigger workshop.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2011
Listed
Jan 18, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013