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Abdel Kareem
Abdel Kareem is a 19-year-old single man. He is living in Jabalia with his family in a very humble house. Abdel Kareem is a dreaming young man who studied the project of having a rickshaw and working on it. He found that this project will be profitable and will improve his income and his living conditions.

Abdel Kareem is requesting a Murabha loan from FATEN to cover the costs of purchasing a new rickshaw to transfer goods for the traders in the city. This will affect the Abdel Kareem's income positively. Abdel Kareem is photographed in the picture.

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
  • 17
    View loans »
    Palestine Loans Fundraising
  • $10,228,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,550 helped Abdel Kareem to purchase a new rickshaw to transfer goods for the traders in the city.
79% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
N/A