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Alaa
Alaa is a 19-year-old, young man, from Jabalia. He is a very hard worker, but the income he gets is very low. Alaa wants to complete his home and buy all the necessary home appliances and furniture, so he will be ready to get married.

Alaa took a USD Murabaha loan from Palestine for Credit & Development (FATEN). This loan will help Alaa to improve his home by buying some furniture, especially for the bedroom.

Alaa appears in the photo.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Palestine

  • $4,900
    Average annual income
  • 46
    View loans »
    Palestine Loans Fundraising
  • $11,632,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Alaa to buy furniture.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015