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Alaa
Alaa, a 26-year-old, conservative, married woman has asked her husband to take her place in the photo. Alaa takes care of her two sons while her husband works at his workshop making sofas. In the future he would like to employ a number of workers and expand the business. For now Alaa wants to help her husband in increasing his productivity so she has applied for a youth loan to buy more tools and foam for making more sofas and pillows.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 8
    View loans »
    Jordan Loans Fundraising
  • $7,757,250
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Alaa to bring more tools and foam.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014