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Rasha
Rasha is a 24-year-old married lady living with her husband, who is serving in the military, and her two children in Ajloun, Jordan. She has been supporting her husband financially by running her own business selling mobile phones and mobile credit cards for two years. As the business is a good source of income for her family, she is now seeking a youth loan to expand it by increasing the number of mobile phones she is selling and the number of mobile credit cards to raise her profit.

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.

About Jordan

  • $3,740
    Average annual income
  • 19
    View loans »
    Jordan Loans Fundraising
  • $7,462,175
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $900 helped Rasha to buy more mobile phones and mobile credit cards to sell.
47% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
Possible