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Nimer
Nimer, 37, is married and the father to three sons and one daughter. For the past two-and-a-half years, he has operated a motorcycle repair shop (he is pictured here in his workshop).

Nimer has the ideal experience for this work, and his workshop is the only one of its type in the area where he lives. His workshop has been a profitable project, and the only source of income to the family, but it also needs support to cover costs.

Nimer is requesting a Murabaha loan (see explanation below) from Palestine for Credit and Development to help cover the costs of purchasing a new motorcycle repair kit. This investment will improve Nimer's quality of work and increase demand from his customers to repair their motorcycles. It will also increase Nimer’s income and provide better living conditions for him and to his family.

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

  • $4,900
    Average annual income
  • 57
    View loans »
    Palestine Loans Fundraising
  • $11,394,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Nimer to buy a new motorcycle repair kit.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 27, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015