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Mohammad
Mohammad is a 30-year-old married man. He lives with his wife in a very quiet neighborhood in Rafah city. Mohammad works as an employee in the public sector and does not have a high income. His job is the only source of income for the family. Mohammad would like to improve the conditions of his house and buy all the necessary items that his family needs.
Mohammad took out a USD Murabaha loan from FATEN. This loan will help him to buy a new refrigerator. This is very necessary to keep food cold, especially in Rafah, which is a very hot city.
Mohammad would like to take out another loan in the future to purchase other necessary home appliances that his family needs.
Mohammad 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
  • 0
    View loans »
    Palestine Loans Fundraising
  • $11,371,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD