Update on KatieKatie is a 47-year-old married woman from Bethlehem city. She is the mother of two sons and two daughters. Katie works making souvenirs from olive wood, which is a very traditional product. She sells them on religious occasions to tourists. It is a very profitable business but the raw materials are expensive.
Katie took a USD loan from FATEN. This loan will help her to buy raw olive wood for her souvenir workshop. She will be able to increase her productivity and also her income.
Katie appears in the photo while she is working.
Previous Loan DetailsKatie is a 44-year-old mother of one daughter and three sons. The daughter is married, while the three sons are students. Katie and her husband have a souvenirs workshop. They produce souvenirs such as crosses, Christ statues, ornaments, wooden ashtrays, etc. Katie is a commended FATEN borrower.… More from Katie'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.
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