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Mohammad
Mohammad is a 30-year-old, single man from Dier Al-Balah. For the past year, Mohammad has been working in a barbershop that he owns, using his experience from his previous job. Mohammad likes his job and tries always to improve it.

Mohammad took a USD Murabaha loan from FATEN. This loan will help him to buy chairs and seats for his barbershop. This will improve his business conditions and attract more customers. Mohammad 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

  • $4,900
    Average annual income
  • 8
    View loans »
    Palestine Loans Fundraising
  • $11,371,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $725 helped Mohammad to buy chairs and seats for his barber shop.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2015