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Raed
Raed is a 39-year-old married man and a father to one son. He lives in Jabalia refugee camp where there are few chances of jobs.

Raed wants to start his new project as a taxi driver and he wants to have his own taxi to meet the increasing demand of customer requests. Raed has some money but not enough to purchase the taxi, so he is requesting a loan from FATEN to purchase the taxi. Taking this loan will allow Raed to own the taxi and take internal and external requests, which will improve the family's income positively.

Raed is photographed next to his taxi.

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

  • $2,900
    Average annual income
  • 43
    View loans »
    Palestine Loans Fundraising
  • $10,076,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Raed to purchase a taxi.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014