Update on TareqTareq runs a clothing store in the city of Qalqilia. He is single and helps his family pay part of their monthly expenses. His store is a profitable project and is located in a good place in the city. Tareq wants to improve his store by buying more clothes to sell.
He requested a loan from FATEN to purchase clothes to sell and to increase his store's sales.
Tareq is photographed above in his store.
Previous Loan DetailsTareq is a 20-year-old single young man who lives with his family. They live in a quiet area and his father's salary is not enough to cover the family's needs. For the past two years, Tareq has run a small store where he sells clothes. His business has been profitable and he has been able to… More from Tareq'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.
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