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Luai

Update on Luai

Luai is a 35-year-old man. He is married and a father to three sons and one daughter.

For the past ten years, Luai has been selling basic kitchen supplies and food in a stall. This has been a profitable project, but he also needs more support to cover the family's needs, especially since this is the only source of income for his family.

Luai is requesting a 3,000 USD loan from FATEN to help him cover the costs of purchasing a large amount of summer fruits and vegetables that customers usually request and buy. This will give Luai a better collection of fruits and vegetables, which will help him to increase his sales and improve his family's income.

Luai is photographed next to his stall.

Previous Loan Details

Luai M. is from Tulkarem city in the northern part of Palestine. He is married and is the father of three sons. Luai inherited a stall in the old city from his father, where he sells basic kitchen stuff and food. He also distributes a certain brand of biscuits to shops in the old city. Luai... More from Luai'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
  • 64
    View loans »
    Palestine Loans Fundraising
  • $11,448,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Luai to purchase a large amount of fruits and vegetables to sell.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2012
Listed
May 15, 2012
Currency Exchange Loss:
N/A
Expired:
Jun 14, 2012