Update on AbdelhafeethAbdelhafeeth is a 46 years old and married. He lives with his wife and five children, two sons and three daughters, in Qalqilia. All of his children go to schools.
Abdelhafeeth is an employee at a local company, and this is the only source of income to the family. He and his family live in a rental apartment, He would like to build his own house to save the rent expenses, but construction materials are very expensive.
He is requesting a USD loan from FATEN. This loan will help him to purchase the needed construction materials like cement and iron. By applying this loan, Abdelhafeeth will be able to finish his home as soon as possible and live in it with his family before winter. This will improve the family living conditions.
Abdelhafeeth appears in the photo in his new home.
Previous Loan DetailsAbdelhafeeth is 43 years old, married and the father of one son and three daughters, all of whom are in school. He earns a living as an accountant working for a private company where he earns a salary which is decent but not enough to cover all of his family's needs. He is applying for a loan for… More from Abdelhafeeth'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid