Kareema


Status: Paying Back

$1,000.00   Loan Amount
37% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Kareema
Location: Rafah- Gaza Strip, Palestine
Activity: Barber Shop

About the Loan

Loan Amount: $1,000.00
Loan Use: To pay rent for the new barber shop
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jul 1, 2009
Date Disbursed: Jun 15, 2009
Date Funded:Jul 1, 2009

About the Country

Country:Palestine
Avg Annual Income:$0.00
Currency:United States Dollars (USD)



Kareema is 54 years old. She has ten children, six of whom are married and financially independent from the family. Her other four children still live at home: two of them are under 18 years old and still at school, while the other two are working at the family barber shop.

The barber shop is the only source of income for the family since Kareema's husband does not work. Kareema started the business three years ago in order to give her children a career. They were already trained to do haircutting and had worked for a while at other barber shops.

Kareema helps her two children by buying all the merchandise and cleaning the shop. The new loan will be used to pay for the shop rent since they decided to move to a new, bigger shop that has a better location.

This is Kareema's second loan. Her first loan was for $700 and was fully repaid on time.

Kareema's son appears in the photo at his saloon after they moved to the new location and did some renovation. Kareema doesn't appear in the photo for social reasons.


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Journal entries for Kareema


Loan has been disbursed
 
Entrepreneur: Kareema
Location: Rafah- Gaza Strip, Palestine

Thank you for your loan. It has been disbursed to Kareema by Palestine for Credit & Development (FATEN) in Palestine. We are excited to watch this business grow. Over the 12 months of this loan, Palestine for Credit & Development (FATEN) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Rafah- Gaza Strip, Palestine
Jul 2, 2009
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Kiva Help Repayment Schedule for Kareema

  Expected Repayments Actual Repayments Comments
September 2009 $93.00 $93.00 Repayment Received
October 2009 $93.00 $93.00 Repayment Received
November 2009 $93.00 $93.00 Repayment Received
December 2009 $93.00 $93.00 Repayment Received
January 2010 $93.00 Available Jan 1  
February 2010 $93.00 Available Feb 1  
March 2010 $93.00 Available Mar 1  
April 2010 $93.00 Available Apr 1  
May 2010 $93.00 Available May 1  
June 2010 $93.00 Available Jun 1  
July 2010 $70.00 Available Jul 1