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Afnaan is a 23-year-old single woman living in Jenin in Palestine who is struggling with some health related issues.

Afnaan has a clothing store, and chose to take a loan to increase her stock and improve her income. She wants to expand her store as it pays for her medical and hospital bills.

The biggest challenge in running her business is because she has to travel to Jordan and Egypt for treatment every year, and so she has to close her shop when she leaves. With the loan, she will expand her store and hire an employee so she doesn't have to close the store every time she travels.

Afnaan is a student at Alquds University and the profit from her business will help her pay for her school fees as well.

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, ACAD is charging 0% interest on this loan. This is a Murabaha loan, which means that ACAD 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.  

Important Information

The Arab Center for Agricultural Development (ACAD) is a microfinance organization operating in Ramallah, Palestine. Founded in 1993, it provides micro-loans, small loans, and agriculture loans and more to poor and low-income Palestinian entrepreneurs. ACAD focuses on several areas of development including offering credit, fostering community and building cooperatives.

Kiva lenders’ funds are used to help ACAD serve more people in remote areas, especially farmers working in agricultural cooperatives. Additionally, these funds enable ACAD to offer loans at lower interest rates to ensure that even the poorest Palestinians have access to affordable credit.

About Palestine

  • $4,900
    Average annual income
  • 47
    View loans »
    Palestine Loans Fundraising
  • $12,491,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,300 helped Afnaan to buy clothing for her store.
93% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jun 24, 2013
Jul 8, 2013
Currency Exchange Loss: