Update on AbdullatefAbdullatef is a 25-year-old single young man who lives with his family in a small agricultural village near Tulkarem. His family earns an income from working in agriculture, but it is barely enough to cover their needs. For the past four years, Abdullatef has operated an entertainment and social gathering place in his village. He provides his customers with hot drinks, like coffee and tea, in addition to providing recreational games such as a pool table.
Abdullatef is requesting a 3,000 USD youth loan from FATEN to purchase a new television to make his store more attractive for customers. This improvement will increase his customer base, which will increase his income and help to create a bright future. Abdullatef is pictured in his entertainment store.
Previous Loan DetailsAbdullatef 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,… 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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