Intesar wants to improve her house by installing tiles and window frames, but the amount of money she has isn't enough to pay for these expenses, so she needs to take out a loan of $1,500 from FATEN.
When Intesar takes the loan, which is repaid on a monthly basis, she will be able to pay for theses expenses and live with her family in healthier and better housing conditions. Intesar is a conservative woman, so her husband is photographed instead in the FATEN branch.
About FATENPalestinians 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 FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.
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.
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Success!! The loan was 100% repaid