Update on AdelAdel was born in 1966. He is married and lives with his wife and four children in a sector of Jordan called Baqaa. One of his sons is currently working at a bakery and the rest of the children are students.
Adel has been working at his blacksmith workshop for nine years. He is the only supporter for his family and he is trying his best to provide his children with the best education. He is planning to expand his business to raise his profit, in order to be able to cover his family's needs.
To do so, Adel needs to buy new machines for his workshop which he doesn't have enough money for. For this reason, he applied for this loan.
Previous Loan DetailsAdel is a 47-year-old father of four. He is a blacksmith working in his own shop to provide his children with the best education. He wants to enhance his business to increase his revenue, being the only supporter in the family. For that he is applying for a loan to bring new tools to his shop. More from Adel's previous loan »
About National Microfinance BankJordan 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.
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