Update on QasemThis is Qasem’s second loan cycle from Ryada. His previous loan helped him develop his business with a positive outcome, and he was able to complete his education at the university.
Today, Qasem is planning to keep developing his business to make sure that his customers are satisfied. So he decided to request this loan to purchase an air conditioner, and redecorate his café.
Previous Loan DetailsQasem is 24 years old from Nablus. He owns a small cafe in his village in which he has been serving hot drinks and hookah since 2009. He asked Ryada for this youth loan in order to buy used chairs and tables, develop the space of the cafe, and buy a water heater. He hopes that this loan will help… More from Qasem's previous loan »
More information about this loan
This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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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