Manal is 40 years old. She lives with her husband and seven children (aged from 14 to four) in the Old City of Jerusalem. Eighteen months ago she opened a stall selling undergarments in the Old City to supplement the family income. She has received business training from MATI, a business development foundation in Jerusalem, and is now keen to expand the business. If she can buy in greater bulk she will be able to achieve better prices, and to sell in greater volumes both from her stall and from elsewhere (in association with her sisters). She has secured a store room locally in which to store the increased stock. If the expansion is successful, she will be able to rent a boutique. She now seeks working capital to purchase stock in greater bulk from her suppliers in Hebron, Beit Jalah and Jerusalem.
About Jerusalem Interest-Free Microfinance Fund Limited
Jerusalem Interest - Free Microfinance Fund (JIMF) is a charitable organization that provides loans and business development training to entrepreneurs and small business owners in Jerusalem. To address the city’s 40% poverty rate, it brings together women from the poor ultra-orthodox Jewish (Charedi) and Arab communities to receive training and build strong local economies. In the process, it aims to ease tension between religious and ethnic groups and promote peaceful interactions.
Jerusalem Interest - free Microfinance Fund joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.