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Momen
Momen is a 27-year-old, single man from Nablus city. For the past few years, Momen has been making different kinds of sweets in his home and selling them, upon request. For example, he makes customized cakes for wedding parties. It is a good business, which needs few machines and materials. Momen would like to develop his business, to meet the customer demand.

Momen took a USD loan from FATEN. This loan will help him to buy a bigger oven for his work. This will increase his productivity and also his income.

Momen dreams of taking a bigger loan in the future and opening a sweets factory. Momen appears in the photo.

Additional Information

More information about this loan

This loan is helping support a borrower who is 35 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 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.

About Palestine

  • $4,900
    Average annual income
  • 63
    View loans »
    Palestine Loans Fundraising
  • $11,428,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Momen to buy a bigger oven for his work.
47% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Oct 13, 2013
Currency Exchange Loss:
N/A