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Amneh

Update on Amneh

Amneh is a 54-year-old conservative woman; she asked her husband to appear in her loan photo in her place.

Amneh is the mother of one son and one daughter. They have an ice cream business where they make their own biscuit cones. Now Amneh wants to start making ice cream. She applied for this loan to purchase needed ingredients for testing before the spring and summer seasons start.

Previous Loan Details

Amneh is 53 years old and a married woman. Her husband owns a small factory for making ice cream biscuits, Amneh also works in the same factory. In winter they bring in two workers to help them, but in summer the number of workers increases to cover the market needs. Amneh has applied for a lo... More from Amneh'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
  • 60
    View loans »
    Jordan Loans Fundraising
  • $7,608,500
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Amneh to buy ingredients for making ice cream.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 6, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014