Update on MaysoonBecause Maysoon is a conservative woman, she asked her husband to take her place in the picture. Maysoon was born in 1975. She is married and has six children. Maysoon has been helping her husband in his project for the past 25 years. They collect small boxes and tanks, recycle them, and then resell them to plant nurseries, fruit growers, and the like. They were considering this job as saving the environment from being polluted.
Now they are receiving requests from their customers for a larger amount of small tanks and boxes than they can collect. So they need to buy a larger amount of them, in addition to expanding their storage, to be able to keep a larger amount of their products. Taking these actions will help them to make a better profit and to raise their income, to be a good support for their children. But they don't have enough money to do these things. For this reason, Maysoon applied for this loan.
Previous Loan DetailsMaysoon is a conservative woman, so she asked her husband to take her place in the photo. Maysoon, who is 37 years old, is a mother for four kids. Her husband collects and buys small tanks, which he sells to plant nurseries and greenhouses. Maysoon has applied to this loan to help her husband… More from Maysoon'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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This loan has been fully funded!