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Amin

Update on Amin

Amin is a 32-year-old married man from a small village called Romanah near Jenin City. He lives with his wife and two daughters in a simple house in the village. For the past four years, Amin has been working in a small store selling shoes. It is a good business, but still needs a lot of improvements.

Amin took a 3,000 USD loan from FATEN. This loan will help him to decorate his store and buy more products to sell. With this loan, Amin will be able to improve his business and also his income. Amin dreams to take a bigger loan in the future to open another store and expand his business. Amin appears in the photo in front of his store.

Previous Loan Details

Amin is 32 years old. He is married and lives with his family in a small village near Jinen. Amin is a worker who earns very low wage and also has his own project, selling shoes. Amin is requesting a loan of $500 USD from FATEN in order to help him cover the cost of purchasing new furniture, i... More from Amin's previous loan »

Additional Information

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

  • $4,900
    Average annual income
  • 57
    View loans »
    Palestine Loans Fundraising
  • $11,427,025
    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 Amin to decorate his store and buy more products to sell.
70% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 24, 2013
Currency Exchange Loss:
N/A