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Alia

Update on Alia

Alia was born in 1958. She lives with her husband and four children in a sector of Jordan called Salt. Alia has been trying her best to contribute to covering the household expenses. For the past five years she has worked on a small project, sewing on buttons and repairing clothes for her family, friends and neighbors. Then she bought a sewing machine and started a small clothing repair shop beside her house, where she repairs clothes in addition to customizing outfits. She has just bought a new sewing machine, and now she is applying for a loan to buy more fabric to do her work perfectly and increase her profits by raising her productivity.

Previous Loan Details

Alia is a 53-year-old married woman. She lives with her husband and four children, just outside of Amman. Wanting to help her husband and participate in handling the household expenses, Alia started a small project sewing on buttons and repairing clothes for her family, friends and neighbors. Th... More from Alia'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
  • 32
    View loans »
    Jordan Loans Fundraising
  • $7,941,575
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Alia to buy more fabric for her business.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2014
Listed
Mar 8, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015