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Amal
Amal was born in 1992. She is a single lady living in a rented house in an area of Jordan called Irbid with her five siblings and her parents. For two years, Amal has been helping her parents financially by running her project selling cosmetic products.

She started her project selling a small amount of them to her relatives. Now she is receiving more customers and needs to purchase a larger quantity of cosmetic products with added variety, in order to raise her profit. But she doesn't have enough money to do so. For this reason, she has applied for this youth loan.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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.

Tags

About Jordan

  • $3,740
    Average annual income
  • 17
    View loans »
    Jordan Loans Fundraising
  • $7,423,000
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Amal to buy more cosmetics products for her business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2014
Listed
Feb 2, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015