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Aisha

Update on Aisha

Aisha is a 48-year-old married woman. She looks after her one son and one daughter. Her husband works in a printing house and Aisha still has her spices packing business but she also started to concentrate on working with her husband in the printing business. Her husband does the printing part and then brings the printed items back to their home and Aisha works on finishing, packing and completing the orders.
Aisha has applied for this loan to buy more glue, bags and other needed material for the finishing until they can buy the required machine to do the finishing work. She hopes that she can open her own printing house in the future.

Previous Loan Details

Aisha a 47-year-old housewife married to Harb, a 52-year-old man who works in a printing house. Aisha and her husband started a small business buying large quantities of salt and different types of spices and re-packing then in small packages or small amounts that are not available in the market… More from Aisha'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

  • $3,740
    Average annual income
  • 14
    View loans »
    Jordan Loans Fundraising
  • $7,345,375
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Aisha to buy more glue, bags and other materials for their printing business.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2012
Listed
Jan 6, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014