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Asefa
Asefa was born in 1970. She lives with her husband and children in a rented house in Amman. Her husband retired and is currently working as a security guard which is a weak source of income to cover their children's needs. Asefa has 3 sons and 3 daughters. She started her project by visiting her friend in Aqaba which is a city in Jordan. From there she bought clothes and started trading them for the last 6 years. She has been facing an obstacle in her project which is having many competitors in the same area. She is planning to expand her project in the future by adding more variety to her products as she is planning to start trading cleaning products and make-up with the clothes. Now she is asking for a loan to buy more clothes to increase her sales in order to earn a good income and help her husband in covering their children needs.

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.

Tags

About Jordan

  • $6,100
    Average annual income
  • 1
    View loans »
    Jordan Loans Fundraising
  • $7,836,875
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Asefa to buy more clothes.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014