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Moneeb
Moneeb is a 33-year-old married man from Rafah city. He lives with his wife and his five children, three sons and two daughters, in a humble house. Moneeb is an employee in the public sector where he earns a very low income. Moneeb would like to improve his living conditions and buy everything his household needs. Moneeb took a 2,612.16 USD Murabah loan from FATEN. This loan will help him buy a water purification machine for his home. It is very necessary since the water in his area is not clean. Moneeb would like to take another loan in the future and open his own business . Moneeb 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
  • 40
    View loans »
    Palestine Loans Fundraising
  • $10,623,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,625 helped Moneeb to buy a water purification machine for his home.
56% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
N/A