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Abeer
Abeer is a married and lives in Madaba, Jordan. She has been working in selling blankets for two years. She started her project when she sold a small amount of them to her neighbors. She sold it for a good price and realized that selling them might be profitable work. So, she started selling a larger quantity of them. Now she is requesting a loan to purchase a collection of clothes for the upcoming season hoping that this will raise her profit.

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

  • $3,740
    Average annual income
  • 16
    View loans »
    Jordan Loans Fundraising
  • $7,434,500
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Abeer to buy more clothes and blankets to sell.
91% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible