KIVA loan this month goes to Sharifa, a 34 year-old married woman with four children. She and her family live in a sector in Jordan called Wihdat. Several years ago her husband was called to serve in the Jordanian military, which put a great financial pressure on the family.
Sharifa decided to try and help solve the financial crisis she and her husband were
facing by opening her own business. She decided to start a small food market in front of her house,
where she now has been selling food products for two years.
She now needs to buy a larger quantity and variety of products to expand her business and earn more profit in order to improve the family's living
conditions and to provide her children with a good education. But she
didn't have enough money to expand her business, so she has applied for a loan from Jordan's National
Microfinance Bank, which is funded by KIVA.
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
one and two person 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 their clients 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.
We are so fortunate to be able to help hardworking mothers and fathers provide for their children. Please consider becoming a KIVA partner!