September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 

The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise FATEN's risk rating from 3 to 4 stars. The analysts have found that FATEN's risk variables, reviewed in the new risk rating model, were most representative of a 4-Star rating.

We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.

FATEN has been informed of our analysts’ findings and their corresponding change in rating.

Original Partner Description

FATEN is a non-profit company that provides micro and small loans to economically active entrepreneurs, especially women. FATEN started as program within Save the Children Federation US in 1994 and spun off and became completely independent in 1999.

Our Mission

We are: Palestine for Credit & Development "FATEN", a pioneering national not-for-profit corporation which provides a variety of high quality and sustainable financial services, for low income and economically active small scale enterprises and micro entrepreneurs, specially women, through a high caliber staff and an advanced infrastructure to contribute in the effort of family empowerment and community development in Palestine.

Our Vision

For FATEN to be the main address for microfinance in Palestine.