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Sharifa

Update on Sharifa

Sharifa is a 46-year-old widow, who is supporting her 8 sons and daughters. Two of them are now married. Sharifa works in the archiving department at a school. After work she makes baskets and trays using hay. Although one of her sons is now helping in supporting the family from his work with the military, Sharifa still needs to work to help support the family. She now wants to buy some wool and start knitting clothes for the coming winter, and she will keep on making the hay crafts. For these reasons, she applied for this loan.

Previous Loan Details

Sharifa, 46 years old, is a widow. She was left with six sons and daughters to support. Sharifa started making baskets from straw to sell to support her family. It has been six years since she started and now she wants to start selling additional products such as home products to increase the fam... More from Sharifa's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Jordan

  • $6,100
    Average annual income
  • 25
    View loans »
    Jordan Loans Fundraising
  • $7,922,800
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Sharifa to buy more materials to produce goods to sell, such as hay crafts and knitted clothing.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 16, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013