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Harbiya

Update on Harbiya

Harbiya is a married lady in her forties. She is a mother of two, living in Baqaa, Jordan. Her husband is a retired man. For three years, Harbiya has been helping her husband in improving their living conditions, by selling homemade detergents at her house. Her business was the second-income provider for her family. Now she is seeking a loan that will help her expand her business, by getting more raw materials that she needs for making detergents.

Previous Loan Details

Harbiya was born in 1967. She is married and has 4 children. Her husband is retired. Harbiya has been selling detergents for the past 2 years. She started her business in her home selling small quantities of detergents. Now she wants to buy larger quantities of the detergents to increase her prof... More from Harbiya'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.

About Jordan

  • $6,100
    Average annual income
  • 25
    View loans »
    Jordan Loans Fundraising
  • $7,922,800
    Funds lent in using Kiva
  • 0.7
    Jordan Dinars (JOD) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,450 helped Harbiya to buy more ingredients for making detergents, for her business.
61% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2014
Listed
Aug 23, 2014
Currency Exchange Loss:
Possible