Kiva conducts regular," ongoing monitoring "of all Field Partners, but only posts status updates here" in response to relevant," major changes at the"partner. July 9, 2020 - COVID-19 Update: Kiva has been in contact with National Microfinance Bank (NMB ) to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues. While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. Jordan has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. This has caused many economies and businesses to grind to a halt." As a result, borrowers and National Microfinance Bank (NMB) may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it?s possible that lenders will see a delay in repayments and new loans posted by National Microfinance Bank (NMB) . As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover." Kiva is working closely with National Microfinance Bank (NMB) to support them and their borrowers through the COVID-19 crisis. National Microfinance Bank (NMB) is sending regular updates to Kiva, and we'll update Partner Pages as we learn more." On behalf of Kiva and National Microfinance Bank (NMB) , we?re grateful for your continued support through this difficult time. Partner Description Al-Watani (National Microfinance Bank) is a Jordanian private shareholding not-for-profit Company that works in the development of the local communities through enabling the underserved segments of society with proper access to the financial services in order to boost their participation in the economic activities and become energetically members in their society, to meet this aim Al-Watani is providing the income-generating projects with the needed finance for establishing or expending purposes along with spreading a culture of microcredit and entrepreneurship throughout the country. Al-Watani also aims to implement a poverty alleviation strategy by significantly increasing the productivity of existing micro and small entrepreneurs of Jordan, particularly women, also providing services to improve the standard of living of our clients such as loans for education, health care, home improvement...etc., taking into consideration the needs of the current and potential clients for the non-financial services aiding them in improving their productivity through the training on the financial and managerial skills, facilitating the participation in the exhibitions and bazars, forming and managing the business networks, and much more. Al-Watani maintains its competitive edge in the market by designing, piloting and rolling out different flexible loan products; opening a wide network of decentralized branches; and building strategic partnerships." One of Al-Watani?s goals is to build a financially sustainable microfinance institution by employing cost efficient methodologies and accessing a board variety of financing sources. " In March 27, 2006 under the patronage of Her Majesty Queen Rania and His Highness? Prince Talal bin Abdul-Aziz, Al-Watani disbursed its first loans and opened three branches. We now have fourteen branches throughout Jordan and serve over 38,000 clients through a variety of loan products including, education, health, home-improvement and business-related loans in amounts ranging from 300 to 70,000 USD. The repayment period ranges between 1 to 48 months depending on the cash flow of the business and the type of loan. In 2013, Al-Watani launched the micro-insurance (Inpatient health insurance) which provides clients with low-income and not covered by health insurance the opportunity to get excellent medical services and treatment, which would enable them to improve their standard of living and meet the various emergency conditions. With our diverse financial service offerings, we aim to promote productive projects and enhance the livelihoods of underserved members of Jordan?s society.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 30, 2011 Oct 12, 2005
Total Loans $13,230,945 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $1,564,645 $163,202,810
Number of Paying Back Loans 1,155 193,982
Amount of Ended Loans $11,666,300 $1,591,353,280
Number of Ended Loans 10,608 2,108,808
Delinquency Rate 8.48% 15.34%
Amount in Arrears $91,449 $15,585,726
Outstanding Portfolio $947,317 $101,609,202
Number of Loans Delinquent 546 72,330
Default Rate 0.70% 1.70%
Amount of Ended Loans Defaulted $81,892 $26,998,026
Number of Ended Loans Defaulted 178 70,224
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $9,202,644
Refund Rate 0.69% 0.57%
Amount of Refunded Loans $91,175 $9,961,195
Number of Refunded Loans 60 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 61.41% 77.81%
Average Loan Size $1,109 $389
Average Individual Loan Size $1,126 $594
Average Group Loan Size $1,180 $1,839
Average number of borrowers per group 2 8.2
Average GDP per capita (PPP) in local country $6,100 $5,628
Average Loan Size / GDP per capita (PPP) 18.18% 6.90%
Average Time to Fund a Loan 12.36 days 8.44 days
Average Dollars Raised Per Day Per Loan $89.68 $46.05
  Average Loan Term 17.14 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 22,888 1,071,973
  Journaling Rate 95.30% 42.48%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 37% PY 34.00% PY 26.11% PY
  Profitability (return on assets) N/A 6.8% 0.00%
  Average Loan Size (% of per capita income) N/A 14.00% 0.00%

Country Fast Facts

Field Partner Staff

Kareem Al Khaldi
Nour Al Kloub
Lama Al Omari
Repayment Reporting API
Sameh Mahariq
Ahmad Saleh