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Shabaan
Shabaan is an 18-year-old single man from Jabalia city. He lives with his family in a simple house. His father is a worker and this is the only source of income to the family. Shabaan is a student in his first year in a local collage where he studies human science. Shabaan would like to finish his study with very high grades so he can find a good job and help his family in the future. Shabaan took a USD Murabaha loan from FATEN. This loan will help him to buy a new laptop for his study, and will help him to do his projects and homework. Shabaan appears in the photo with his new laptop.

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

  • $4,900
    Average annual income
  • 43
    View loans »
    Palestine Loans Fundraising
  • $11,632,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $775 helped Shabaan to buy a new laptop for his study.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2015