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Fawziah

Update on Fawziah

Because Fawziah is a conservative person, she preferred that her husband Izzat appear in the photo. Fawziah is a 44-year-old married woman and a mother of eight sons and daughter. She is married to Izzat who has a car repair workshop where he changes wheels and sells special car oil.

After he retired from the military, he opened his workshop to be able to support his big family. Fawziah wants to help her husband to make more income in the workshop, so she decided to apply for this loan and buy more high quality car oil, which is required for the new model cars, in addition to new tools that will make his work more professional.

Previous Loan Details

Fawziah is 43 years old and a mother of eight sons and daughter. She is married to Izzat who has a car repair workshop where he changes wheels and sells special car oil. After he retired from the military, he opened his workshop to be able to support his big family. Fawziah wants to help her h... More from Fawziah'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
  • 28
    View loans »
    Jordan Loans Fundraising
  • $7,922,800
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Expired
A loan of $1,775 helped Fawziah to buy more high quality car oil and more tools for her husband's auto repair shop.
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible
Expired:
Jul 16, 2014