Update on MahmoodMahmood is a 28-year-old young man. He works in agriculture which is the only source of income for him. His father is also working in agriculture and his brother is a Palestinian National Authority employee with a decent salary. Mahmood wants to prepare for the coming winter season by purchasing seedlings and needed fertilizers, but the amount of money he has isn't enough to pay for the purchase, so he needs to take out a loan in the amount of $2,000 from FATEN. When Mahmood gets the loan, which is repaid on a monthly basis, he will be able to purchase the needed seedlings and fertilizers to prepare for the coming winter season by being ready to have good crops for sale and compete with others to increase his income and live in better living conditions. Mahmood is photographed in a FATEN branch.
Previous Loan DetailsMahmood S. is a young man, 25 years old. His family consists of four brothers and one sister in addition to his mother. He lives with his family at Deir Al Ghosoun, a village of Tulkarem District. He shares the responsibility of supporting the family with one of his brothers who works for the… More from Mahmood's previous loan »
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.
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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Success!! The loan was 100% repaid