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Nidaa

Update on Nidaa

This is Nidaa’s second loan cycle from Ryada. Her previous loan helped her to develop her business and had a positive outcome, and she was able to increase her inventory. She is very grateful to everyone helped her.

Today, Nidaa is planning to continue developing her business to make sure that her children will have the best living and education, and, at the same time, to ensure that her customers are satisfied. She decided to obtain this loan to purchase a power generator and a large quantity of fabric and thread because her number of customers continue to increase. This will help her to improve the financial conditions for her family. Her dream is to expand her business more and more in the future.

Previous Loan Details

Nidaa is 37 years old and comes from Gaza. She is married and has four children. She is a tailor, and she has owned her small workshop since 2005. There, she makes new clothes or repairs clothes. She asked Ryada for this loan, in order to buy sewing machines for her tailoring shop. She hopes t... More from Nidaa's previous loan »

Additional Information

About Vitas Palestine

Palestinians face unique challenges due to the economic and political environment in the West Bank and Gaza. Click here to learn more about how Kiva and Vitas Palestine are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.

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 Palestine

  • $2,900
    Average annual income
  • 105
    View loans »
    Palestine Loans Fundraising
  • $10,947,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Nidaa to purchase a power generator and a large quantity of fabric and thread.
38% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2014
Listed
Apr 16, 2014
Currency Exchange Loss:
N/A
This photo was used before for a previous loan for Nidaa. It was first posted on Kiva on Jul, 2013. Learn More