Areej is a 32-year-old young woman, and she is married with two sons and two daughters. Her husband is a Palestinian National Authority employee with a decent salary. Areej wants her family to live in better living conditions, so she wants to purchase new home furniture such as: bedroom furniture for her children, dining room furniture,etc., but the amount of money she has isn't enough, so she needs to take a loan of $1,000 from FATEN. When Areej gets the loan, which is repaid on a monthly basis, she will be able to purchase new home furniture which is necessary for home living. This will enable her to provide better living conditions for her family. Areej is a conservative woman, so her husband is photographed instead in the 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.