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Abeer

Update on Abeer

Abeer was born in 1982. She is married and lives with her husband and three children in a region in Jordan called Salt. Her husband is a taxi driver.

Abeer has been selling wedding dresses and clothing for three years. She started her project by selling a small quantity of them and she found that it was profitable. Now she wants to buy a larger amount of wedding dresses and other items of clothing to earn a better income that will help her support her family financially. But, because she does not have enough money to buy these items, she has applied for this loan.

Previous Loan Details

Abeer is a 29-year-old married woman who has three children. Her husband owns a shop selling evening dresses and special accessories. He opened the shop almost a year ago. Abeer sometimes helps her husband in the shop – she measures the customer and takes their notes as they are both female. Wit... More from Abeer'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

  • $6,100
    Average annual income
  • 14
    View loans »
    Jordan Loans Fundraising
  • $7,853,550
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Abeer to buy wedding dresses and clothing for her business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2015