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Husain

Update on Husain

Husain, who appears in the picture, is a 55-year-old man. He is married and a father to two sons and four daughters; all of them are above 18 years old. His elder son is employed and the other is a worker.

Husain has been a carpenter since 15 years ago. He has a workshop for making furniture upon customers' and furniture stores' request, which has been a profitable project and the only source of income to him, but also needs more support to cover the costs.

Husain is requesting a $3,000 USD loan from FATEN to help him cover the costs of purchasing new amounts of wood to produce more furniture. This will increase demand from his customers and improve his income and offer to him better living conditions.

Previous Loan Details

Husain is a 54-year-old father of four daughters and two sons. He is a carpenter. Husain produces furniture in his workshop as well as doors and windows. Husain's oldest son is a Palestinian National Authority employee. Husain took out a loan from FATEN to purchase a faster machine for cuttin... More from Husain'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
  • 51
    View loans »
    Palestine Loans Fundraising
  • $11,628,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Husain to purchase wood for the workshop.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 22, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013