Update on FadiFadi, who appears in the picture, is a 21-year-old single young man. He is a worker in addition to his work in agriculture with the family, but in both jobs he gets a low income which is not enough to cover all the needs.
Fadi is requesting a 1,000 USD loan from FATEN to help him cover the cost of purchasing new living room furniture in order to improve living conditions in his house. Taking this loan will offer to Fadi and his family comfortable furniture so they can enjoy living in their house.
Previous Loan DetailsFadi is a 21-year-old single man. He works with his family in agriculture. The income the family earns from working in agriculture is low and not enough to cover the family's needs and medical expenses. Fadi's father is suffering from a disease and needs urgent surgery, so Fadi wants to help h... More from Fadi's previous loan »
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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