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Subhi

Update on Subhi

Subhi, who is a 39-years-old man, is a father for three sons and two daughters. He is a taxi driver and wants to pay the expenses for making some repairs to his taxi such as painting, chainging the tires, etc., and to pay the fees for insuring and licensing the taxi to become legal on the road. Subhi, because of his low income, does not have enough to pay for these repairs, needs to take a loan from FATEN in the amount of $2,000.

With the repairs, he can work extra hours and take more requests to increase his income and create for his family better life conditions. Subhi is photographed in the picture.

Previous Loan Details

Subhi is a taxi driver from Hebron city. Subhi transports passengers inside Hebron and rarely outside the city. He came to FATEN to take out a loan to pay for car insurance fees, as well as perform the regular car check to make sure everything is working fine. Subhi is married and the father of t... More from Subhi's previous loan »

Additional Information

About FATEN

Palestinians 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.

About Palestine

  • $4,900
    Average annual income
  • 33
    View loans »
    Palestine Loans Fundraising
  • $11,660,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Subhi to pay for repairing, insuring and licensing his taxi.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
N/A
Ended:
May 23, 2013