Update on NajeaNajea continues thrive, with her business serving as an example to many in her village. With her last loan, Najea expanded into additional types of stock and began selling gold. Najea's clientele knows of her ability and willingness to provide the items they need and they are loyal to her. She sells to generations of women.
While Najea's business strives, in order to meet demand and continue to grow, Najea needs to purchase additional stock and invest in supplies for the upcoming year. She only travels to purchase stock in cheaper markets at this time of year and must have the funds to make purchases.
Najea wants to continue and nurture her business and in the upcoming year marry off her son.
Previous Loan DetailsFor reasons of modesty, Najea's son is pictured in the photo. Najea has lived all of her 60 years in Negev. She is the mother of 15 and runs a women's clothing stall in the main market of her town. She sells a wide variety of women's apparel from everyday wear to elegant holiday & party dresses. ... More from Najea's previous loan »
About KIEDF:Koret Israel Economic Development Funds (KIEDF) launched its direct lending program, SAWA, in 2006 to help low-income and unemployed populations within Israel create independent income-generating activities. SAWA currently serves Bedouin women in the Negev, Arab Israeli women in northern Israel and Jewish Israeli women. SAWA loans support a wide variety of small business types including consumer goods sales, grocery stores, animal raising, hairdressing, sewing, and day care. SAWA continues to grow and serve new populations while maintaining a loss rate of less than 3%.
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.
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