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Ayesh
Ayesh is a 59-year-old married man from Gaza city. Ayesh lives with his wife in a small house in the city.

Ayesh was a worker with a very low wage. He decided to start his own project. For the past seven years, Ayesh opened a small workshop for repairing refrigerators. It is a profitable job and he is a well known man in his area. Ayesh would like to improve his workshop.

Ayesh took a USD Murabha loan from FATEN. This loan will help him to buy more repair pieces for refrigerators. This will increase his productivity and also his income. Ayesh appears in the photo in his workshop.

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
  • 42
    View loans »
    Palestine Loans Fundraising
  • $10,587,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Ayesh to buy more repair pieces for refrigerators for his workshop.
94% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
N/A