Update on HusamThis is Husam's second loan cycle from Ryada. His previous loan helped him to develop his business and had a positive outcome, and he was able to marry; he also has one child. Today, Husam is planning to keep on developing his business to make sure that his child will have the best living and education and, at the same time, ensure that his customers are satisfied.
He decided to take this loan to purchase a power generator and make new decorations.
Previous Loan DetailsHusam is a 29-year-old single man from Gaza. He is hoping that throughout this loan he will be able to start running his own business, which is a clothing store. He hopes that he will be able to buy stands and goods for the store. This will increase his income and bring in customers, too. More from Husam's previous loan »
About Vitas PalestinePalestinians 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 Vitas Palestine 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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