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Raeda
Raeda was born in 1972. She is a housewife who is a mother of five. At home, besides raising her kids, Raeda started first making fake flowers and plants and arranging them as a hobby. Then she decided to use it as a source of income to support her husband financially. She started making them in the way requested by her customers. It has been almost one year since she started, and now she would like to apply for a loan to buy more products such as pots and leaves to raise her productivity of plant decorations.

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.

Tags

About Jordan

  • $6,100
    Average annual income
  • 26
    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 $1,200 helped Raeda to buy more pots and fake leaves for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Mar 24, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015