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Muhannad

Update on Muhannad

Mohannad is a 40-year-old married man from Jenin. He is the father of two sons and two daughters. Mohannad works as auto repair mechanic in a workshop in the city. It is a good job, but he does not get a high income. Mohannad lives in a humble house with his family; his house needs some improvements but he does not have enough cash.

Mohannad took a USD loan from FATEN. This loan will help him to paint the house and buy a water tank. This will help him and his family to live in better conditions.

Mohannad appears in the photo.

Previous Loan Details

Muhannad is a young Palestinian man from Jenin. He has an auto repair workshop that he has been working in for a long time. Recently, Muhannad started fixing the cross-arm in cars, which connects the engine and the drive wheel. This work turned out to be very rewarding so he decided to start sell... More from Muhannad'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.

Tags

About Palestine

  • $4,900
    Average annual income
  • 37
    View loans »
    Palestine Loans Fundraising
  • $11,647,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,500 helped Muhannad to paint his house and buy a water tank.
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2013
Listed
Aug 4, 2013
Currency Exchange Loss:
N/A
Expired:
Sep 3, 2013