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Ahmed

Update on Ahmed

Ahmed, who appears in the picture, is photographed next to his taxi. He is a 55-year-old man, married, and a father to one daughter who is ten years old.

For the past ten years, Ahmed has been a taxi driver. This is the only source of income for the family and a profitable project, but Ahmed also needs more support to cover the costs and the family's needs.

Ahmed is requesting a 2,000 USD loan from FATEN to help him cover the costs of painting the taxi and purchasing a new engine. This will improve the taxi's condition and increase its efficiency, which will enable Ahmed to work extra hours and improve the family's income positively.

Previous Loan Details

Ahmed is a 54-year-old man who is married and has one daughter and three sons. He has a public transportation taxi and work as a driver. It is the only source for generating income for the family. Because Ahmed doesn't have enough cash money to repair his taxi, he needs a loan of $1,200. While Ah... More from Ahmed'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
  • 55
    View loans »
    Palestine Loans Fundraising
  • $11,423,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ahmed to paint the taxi and purchase a new engine.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 19, 2014