In May and June, Lunstrum Electric supported Afaf in Egypt by helping her to purchase a new head of dairy cattle!
Afaf is 32, married, and has 2 children in different levels of education. Her husband is a worker with a low daily income. Afaf started a cattle project 4 years ago that has helped her increase her family’s income and provide her kids with basic living needs, including food, clothes, and education.
Afaf decided to ask for a new loan to expand her project by buying a new head of cattle to benefit from its dairy and sell it in markets in her village. The profit will help her improve her family's standard of living and provide her kids with a good education. It will also help her husband to buy a taxi to help them with living expenses. Afaf is honest, and independent, and has paid all the due installments on her last loan on time. This loan is special because it aims to support women entrepreneur breadwinners.
What is Kiva?
More than 1.7 billion people around the world are unbanked and can’t access the financial services they need. Kiva is an international nonprofit, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive. They do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care. By lending as little as $5 on Kiva, you can be part of the solution and make a real difference in someone’s life. 100% of every dollar you lend on Kiva goes to funding loans. Kiva envisions a financially inclusive world where all people hold the power to improve their lives.