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Wafaa'
Wafaa' is 45 years old, and a married woman with 3 children. Her husband transforms rickshaws in Dier-El balah in Gaza city. The decent income of her husband only covers the expenses of the family, not of completing the house. So Waffa’ is requesting a USD Murabaha loan from FATEN to install doors and windows to make their house ready to use. Waffa’ is a conservative person who prefers not to have her photo published online, so her husband appears in her Kiva profile 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

  • $2,900
    Average annual income
  • 54
    View loans »
    Palestine Loans Fundraising
  • $10,508,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,900 helped Wafaa' to pay the costs of completing her new home.
88% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
N/A