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Khalil is a 19-year-old, single young man. He has a mobile phone store for selling mobile phones and their accessories, and also for maintaining mobile phones to customers. Khalil's project has been a profitable one and the only source of income to him, but it also needs more support to cover the costs.

Khalil is requesting a USD loan from FATEN to help him cover the costs of purchasing a new collection of mobile phones and their accessories and a new maintaining kit for his store. This will allow him to offer a better selection for his customers to buy and improve the quality of his work, which will improve his income positively and ensure him a bright future. Khalil is photographed in his store.

About Shariah-compliant lending:
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:

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, FATEN is charging 0% interest on this loan. This is a Murabaha loan, which means that FATEN purchases goods for borrowers and charges a fee or mark-up. Click here to learn more about this loan type and Kiva's approach to lending in the Islamic world.  


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
  • 38
    View loans »
    Palestine Loans Fundraising
  • $12,470,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Khalil to purchase a new collection of mobile phones and accessories and a new maintaining kit.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 11, 2012
Sep 29, 2012
Currency Exchange Loss:
Nov 23, 2014