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Malak

Update on Malak

Malak is a conservative person who prefers not to have her photo published online, so her brother appears in the photo.

Malak is a 19-year-old married woman from Jabalia. She lives with her husband and one young daughter in a small house. Malak's husband owns a small grocery store, which he opened recently. It is a good business and earns a good income, but still needs a lot of development.

Malak took a USD loan from FATEN. This loan will help her husband to buy more products for his grocery store and also a refrigerator. This will help them to improve the grocery and also their income.

Previous Loan Details

Malak is an 18-year-old woman. She is married and has no children yet. For the past three years, Malak's husband has had a stall that sells fruits and vegetables. This has been a profitable project, but he also needs more support to cover his costs. Malak is requesting a 1,000 USD youth loa... More from Malak's previous loan »

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, FATEN is charging 0% interest on this loan. This is a Murabaha loan, which means that FATEN purchases goods for borrowers and charges a fee or mark-up. Click here to learn more about this loan type and Kiva's approach to lending in the Islamic world.  

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

  • $2,900
    Average annual income
  • 24
    View loans »
    Palestine Loans Fundraising
  • $10,330,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,125 helped Malak to help her husband to buy more products for his grocery store and also a refrigerator.
62% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2013
Listed
Nov 12, 2013
Currency Exchange Loss:
N/A