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Mohammad
Mohammad is a 22-year-old single young man. He is a worker in a fuel station and gets a low salary that is not enough to cover his cost of living. He wants to start his own project, which is a store for selling mobile phones, so he is requesting a 2,500 USD youth loan from FATEN to help him cover the cost of purchasing a collection of mobile phones to start selling to customers. Taking this loan will enable Mohammad to have his own business and ensure a better future for him and improve his living conditions. Mohammad is photographed in the picture in his store.

Additional Information

More information about this loan


The Startup loan is currently being offered by FATEN to recent university and vocational training center graduates whose business is in a startup phase and does not qualify for financing under regular business loan requirements.  The risks inherent in lending to startup businesses are mitigated by the creation of a feasibility plan during the loan application process, additional required collateral and an owner's contribution of at least 25%.  

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

  • $4,900
    Average annual income
  • 56
    View loans »
    Palestine Loans Fundraising
  • $11,628,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,500 helped Mohammad to purchase mobile phones.
89% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
N/A