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Iman

Update on Iman

Iman is a 35-year-old married woman living in a rental home with her family of seven members. Her husband is a driver and also works in the maintenance field.

Iman sells home products at home along with selling a few clothing items and makeup products. She does this to support her husband in paying the household bills and improving their living conditions.

Now Iman is applying for a loan to increase the quantity of goods she has, and buy more home products and summer clothing items to increase her products.

Previous Loan Details

Iman is a 36-year-old housewife. She has six children. Her husband works as a bus driver for a university. Iman has recently started a small retail business to help in supporting their family. Her business is basically selling clothes, home products, and some electronics out of her home.… More from Iman'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
Expired
A loan of $1,700 helped Iman to buy more home products and summer clothing items.
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 29, 2013
Currency Exchange Loss:
Possible
Expired:
Jun 28, 2013