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Abdallah
Abdallah is a 29-year-old married man from Gaza City. He is the father for one young son. For the past nine years, Abdallah has been working as a kids' party coordinator. It is a profitable job and Abdallah is a well-known artist in his city. Abdallah would like to improve his business by purchasing more instruments.

Abdallah requested a USD Murabaha loan from FATEN. This loan will help Abdallah to buy a new musical instrument (a keyboard). This will help him to improve his business and coordinate for more parties and events, especially for the summer season.

Abdallah 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 Palestine

  • $2,900
    Average annual income
  • 19
    View loans »
    Palestine Loans Fundraising
  • $10,278,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Abdallah to buy a new musical instrument (a keyboard) for his business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2013
Listed
Aug 4, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015