Maison Orion puts a portion of its design fees towards microfinance loans to help people in developing countries achieve their dreams. Today I made another loan to a mother with a family in Palestine.
Naseema is a mother of 7 children, one of whom is disabled. She has one room in her poorly built house. Naseema is asking for a loan to build a new room and repair the damaged parts in her house. She was hoping to create comfortable environment for her kids and make a space for her disabled child.
Alibdaa Microfinance is a microfinance institution in Palestine with the goal of increasing entrepreneurial activity, especially among women, by providing sustainable financial services. They currently work in five areas within the West Bank, focusing on small villages and more rural parts of the West Bank. Alibdaa seeks to keep their loans small in order to reach the neediest populations in Palestine.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
This type of loan, called “Sayedati” in Arabic, is part of Alibdaa’s efforts to reach underserved women in Palestine. The loan is unique in that it is one of the only products available in Palestine that does not require a guarantor. Through this product, Alibdaa is working to reach women in Palestine who would be unable to receive a loan otherwise or are not being served by other microfinance institutions. By supporting this loan you are helping an underserved woman in Palestine develop her new or existing small business or cover other financial expenses.
I invite you to join me in this mission insuring peace through supporting people’s access to safe and supportive housing for themselves, their families and the communities in which they live.
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