Taghreed is a 39 years old woman. She is married with one daughter. Her husband is a Ministry of higher education employee with a decent salary. Taghreed wants to purchase new home furniture and some home appliances such as: living room seating, refrigerator, etc, but the amount of money she has isn't enough to pay for this purchase, so she needs to take a loan in the amount of $1,500 from FATEN. When Taghreed gets the loan, which is repaid on a monthly basis, she will be able to purchase the necessary home furniture and appliances and it would enable her to provide better living conditions for the family. Taghreed is a conservative woman, so her husband Waleed is photographed instead in a FATEN branch.
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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.