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Thaer

Update on Thaer

Thaer is a 24-year-old single man from Tulkarem. He works in a local chocolate factory and gets a good salary which helps him cover some of his needs. Thaer is also a university student who wants to complete his studies, so he is requesting a USD loan from FATEN to help him cover the cost of purchasing a new laptop. This will help him to do his homework and reports and help him in both his studies and his work. This will ensure a better future for Thaer and improve the family's living conditions.

Previous Loan Details

Thaer, a young man from Tulkarem city, works in a chocolate factory on the production line in Tulkarem, Thaer took out a loan from FATEN to help his brother and contribute to his wedding expenses that his brother couldn't cover himself. Thaer receives a good salary that will help him repay the... More from Thaer'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

  • $2,900
    Average annual income
  • 111
    View loans »
    Palestine Loans Fundraising
  • $10,945,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Thaer to buy a new laptop.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014