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Samar

Update on Samar

Samar is a 48-year-old mother of four. She has been raising sheep and working to ensure a steady income. This is the time to begin increasing her stock, taking care of her animals and preparing for the springtime when she is expecting increased customer demand.

She needed this loan to purchase 15 additional sheep, buy medicine, food, water and to pay for transporting supplies.

Samar is proud of what she has accomplished so far and understands how to manage her business and prepare for opportunities as well as difficult seasons. She wants to continue increasing her stock. She hopes one day to have a full herd.

Previous Loan Details

Samar is a 46-year-old mother of four from the Negev in Israel’s southern region. She raises sheep for sale which brings much needed income to her family. Sales are seasonal, with high demand during holidays. During this time of year, Samar must invest in increasing the number of sheep she has to... More from Samar'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.

Tags

About Israel

  • $36,200
    Average annual income
  • 0
    View loans »
    Israel Loans Fundraising
  • $1,314,650
    Funds lent in using Kiva
  • 3.5
    Israel New Shekels (ILS) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $5,725 helped Samar to purchase additional sheep and feed for the animals.
59% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2014
Listed
Jan 26, 2014
Currency Exchange Loss:
Possible