Update on SharifaSharifa was born in 1980. She is married and a mother of four living in a sector in Jordan called Wihdat. Her husband is on duty serving with military. After Sharifa noticed the financial crisis her husband is facing, she decided to start running a mini market in front of her house where she has been selling food products for two years.
Now she needs to buy a larger quantity of food products to expand her project and earn better profit in order to improve their living conditions and to provide her children with the best education. But she doesn't have enough money to do so. Because of that, she has applied for this loan.
Previous Loan DetailsThis is Sharifa, a mother of four kids. She opened a mini-market in front of her house, instead of the one inside the home, to work in while her husband is on duty serving with the military. Now Sharifa has applied for this loan, to add more goods to the store that the customers have requested. More from Sharifa'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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Success!! The loan was 100% repaid