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Bilal
Bilal is a 31-year-old single young man. For the past three years, Bilal has been driving a taxi, which has been a profitable project and the only source of income to him.
Bilal is requesting a USD Murabaha loan from FATEN to help him cover the costs of purchasing new engine to the taxi he drives. This will increase the taxi capacity to work extra hours and enable Bilal to take additional internal and external requests, which will improve his income positively.
Bilal has the photo next to his taxi.

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.  

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
  • 34
    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 $1,225 helped Bilal to purchase new engine to the taxi.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2013
Listed
May 23, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014