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Nivin

Update on Nivin

Nivin has diversified into selling cosmetic supplies and jewelry. Her store is located near another hair salon and health center, garnering strong foot traffic and walk in customers to supplement her ongoing clients. Nivin and her husband work hard to create a loving environment for their family. They are determined for their children to become educated and have a bright future.

Nivin needed this loan to purchase a showcase window, an air conditioner and cosmetic supplies.

Nivin offers competitive prices and stocks a variety of cosmetics. She one day wants to specialize and become the sole supplier of certain brands.

Previous Loan Details

Nivin is a 30-year-old mother of two from northern Israel. She’s taken professional cosmetics courses and training. Nivin is determined to succeed and create a secure financial environment for her family. She has opened a cosmetics salon for waxing, sales of cosmetics supplies and cosmetics serv... More from Nivin's previous loan »

Additional Information

More information about this loan

KIEDF targets some of the most marginalized groups and areas in Israel with its microfinance services, specifically working with Bedouins, Haredi women, and Israeli-Ethiopians. By contributing to this loan, you are supporting a borrower who otherwise would have very limited access to financial services. 

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.

About Israel

  • $28,930
    Average annual income
  • 0
    View loans »
    Israel Loans Fundraising
  • $1,247,675
    Funds lent in using Kiva
  • 3.7
    Israel New Shekels (ILS) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $5,425 helped Nivin to purchase a showcase window, an air conditioner and cosmetic supplies.
69% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 2, 2013
Currency Exchange Loss:
Possible