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Mohammad
Mohammad is a 27-year-old single man. He is employed in a local institution for installing solar cells with a low salary, which is not enough to cover his needs.

Mohammad wants to have his own project to install solar cells, but the amount of money he has isn't enough to cover all the costs, so he is requesting a USD loan from FATEN to cover the cost of purchasing quantities of solar cells ready for installation.

Taking this loan will offer Mohammad the opportunity to begin his own project, which will ensure him stable work and a bright future.

Mohammad's photo is next to the solar cells.

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.

Tags

About Palestine

  • $2,900
    Average annual income
  • 115
    View loans »
    Palestine Loans Fundraising
  • $11,008,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Mohammad to create a project of installing solar cells.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015