Update on NidaaThis 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 DetailsNidaa 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 »
About Vitas PalestinePalestinians 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.
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This loan has been fully funded!
- Repayment Term
- 39 months (Additional Information)
- Repayment Schedule
- Jan 26, 2014
- Apr 16, 2014
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.