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As'ad
As'ad is a 46 years old married man from Rafah city. He is a father of five children; three sons and two daughters. All of them are attending school.

As'ad is an employee in the public sector and he gets a low income which is not enough to cover all the family needs. For the past three years, As'ad has opened a small store in the city where he sells women's clothes to help him to increase the family income. It is a good business and he earns a good income, but the store needs more money to be improved.

As'ad took out a USD Murabaha loan from FATEN. This loan will help him to buy more products for his clothes store for a very good price, which will improve his store and also his income.

As'ad 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.

Tags

About Palestine

  • $2,900
    Average annual income
  • 29
    View loans »
    Palestine Loans Fundraising
  • $11,170,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,500 helped As'ad to buy more products for his clothes store.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 12, 2013