Update on AbdullatefAbdullatef is a 25-year-old single young man, who has an entertainment store in addition to his work in agriculture. Abdullatef wants to expand and improve the condition of his store, so he is requesting a 2,500 USD youth loan from FATEN to help him cover the costs of purchasing a new pool table, chairs, and tables. This will improve the store's condition and satisfy the customers needs, which will help increase the number of customers and improve Abdullatef's income.
Abdullatef is photographed in his store.
Previous Loan DetailsAbdullatef is a 24-year-old man, who is single and lives in Zeita village near Tulkarem city in Palestine. Abdullatef has his own project which is an entertainment store that contains many games, but he wants to expand in this field and purchase a new pool table to increase the options of games t... More from Abdullatef's previous loan »
More information about this loan
This loan is helping support a borrower who is 35 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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