Check out some available loans that are similar to this one!
Manal
Manal is a 24-year-old woman, who finished school and didn't find a job due to lack of jobs in the Gaza Strip. She thought of starting a small project at home. She had the idea of building a small traditional bakery stove to make traditional Palestinian bread.

Manal took out a loan from FATEN to purchase the concrete and tools needed to start the project. This project will help Manal and her husband (who appears in the picture as she is a conservative woman) have a better income.

About this loan product:

FATEN offers loan products that are designed to serve borrowers all over Palestine, including some religiously conservative areas. A key tenet of Islam is the prohibition of interest in the lending or accepting of money. This prohibition is based on the belief that money should be seen only as a medium of exchange and that it has no value in itself. FATEN has adapted the terms of this loan to fit the cultural context by attaching a 0% interest rate to the loan.

In order to cover its costs, FATEN does charge a servicing fee. The amount you see fundraising includes both the principal loan and the loan servicing fees. As with all Kiva loans, you should expect to have your funds returned to you in accordance with the repayment schedule attached to this loan. For more information on lending in the Muslim world, please visit Kiva's Muslim World Lending helptext: http://tinyurl.com/3aekx8m

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.

About Palestine

  • $2,900
    Average annual income
  • 99
    View loans »
    Palestine Loans Fundraising
  • $10,982,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Manal to purchase concrete and tools to start a bakery.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013