Update on WaddahWaddah is a 24-year-old, single man. He has closed his Internet cafe business because of lack of money and has started working in agriculture, but the income he earns is not enough to cover all his needs. For the past three years, Waddah's family has also been raising and selling sheep and sheep products, which has been a profitable business, but also needs more support to cover the family's needs.
Waddah is requesting a USD 2,500 Youth loan from Palestine for Credit & Development (FATEN) to help his family cover the costs of purchasing more sheep and expanding and improving the herd's condition. This will increase sales and improve the family's income. Waddah is very ambitious young man. He is thinking and looking in the near future to create a small lab to produce cheese. Waddah is photographed with the herd.
Previous Loan DetailsWaddah is a 23-year-old young man. He has an Internet cafe, which is his only source of income. Waddah wants to expand his cafe to increase his income by purchasing more computers but the amount of money he has isn't enough to pay for them, so he needs to borrow a loan of $1,000 from FATEN. Whe... More from Waddah'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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