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Sabah

Update on Sabah

Sabah was born in 1962. She is married and has 1 son in the military and 3 daughters, one of whom is a student. Her husband is retired and is currently working at a car showroom. Sabah has been working in sewing for 3 years. She started her project at home with one sewing machine that she had. She is planning to open her own sewing workshop in the future to sell her products. Now she needs to buy a new sewing machine which will add variety to her products with some raw materials. This will help her to raise her productivity and earn more income, which will help her support her husband in covering their children's needs. But she doesn't have enough money to do so. For this reason, she applied for this loan.

Previous Loan Details

Sabah is a 50-year-old married woman. She gave birth to three daughters and one son; all are between the ages of 10 and 19 years old. While her kids are at school, Sabah works in a tailoring and sewing business at home. She bought a sewing machine and threads a few years ago and started by sewing... More from Sabah'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.

Tags

About Jordan

  • $3,740
    Average annual income
  • 15
    View loans »
    Jordan Loans Fundraising
  • $7,472,100
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Sabah to buy a new sewing machine.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015