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Hazem
Hazem, who appears in this photos, is a 21-year-old single man from Rafah city in Palestine. He works in a small workshop in the city and gets a low income, which is not enough to cover his needs. He will get married soon and is preparing his new home.

Hazem has taken a Murabaha loan (explained below) with Palestine for Credit and Development (FATEN). This loan will help him buy a solar system for heating water with sun power. This is very necessary for his home and will save electricity costs.

This loan will help Hazem complete his home and get married as soon as possible.

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
  • 33
    View loans »
    Palestine Loans Fundraising
  • $11,660,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Hazem to buy a solar system for heating water with sun power.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 19, 2014