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Fadi
Fadi is a 28-year-old married man from Gaza. He is a father with two daughters. For the past four years, Fadi works in a grocery store that he owns. This project is somehow profitable, but not enough. Fadi took a USD Murabaha loan from FATEN. This loan will help him to develop his grocery store by purchasing needed stock of basic groceries that customers often request such as rice, sugar and milk. This will increase sales and increase Fadi's income. Fadi appears in the photo while he was working in his store.

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
  • 63
    View loans »
    Palestine Loans Fundraising
  • $10,508,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Fadi to buy more grocery products to sell.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2013
Listed
Jun 6, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015