Update on FaridaFarida is a 45-year-old married woman. She is a mother to eight sons and five daughters. Her husband is a worker and receives a low salary which is not enough to cover all the family's needs.
Farida is a successful woman. For the past seven years, Farida has been raising and selling sheep and sheep products, which has been a profitable project and a second helper source of income to her family. However, her business also needs more support to get bigger and make improvements.
Farida is requesting a 1,500 USD loan from FATEN to help her cover the costs of purchasing more sheep. This will increase the capital of the project and increase sales in order to improve the family's income.
Farida is pictured next to the sheep she is raising.
Previous Loan DetailsFarida is a 44-year-old woman. She is married and a mother to eight sons and five daughters. Her husband is a worker who gets a low salary, which is not enough to cover the family's needs. For the past six years, Farida has been raising and selling sheep and sheep products. This has been a… More from Farida'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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