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Yaser
Yaser, age 25, operates a shop where he sells electrical appliances for home use. He lives with his parents and siblings in a small, old house in the city of Deir el Balah, and he helps support the family's needs with his earnings.

Yaser opened his shop some years ago, and at present it is a very simple shop. It needs a good deal of development and support in order to bring it up to speed. He would like to add new products and expand his business. He has therefore applied for a Murabaha loan from FATEN. He will use his loan funds to buy a variety of products to offer for sale.

He will use his expected profits to improve his business, to help support his family, and eventually to prepare a home in which to live with his future wife.

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
  • 63
    View loans »
    Palestine Loans Fundraising
  • $11,387,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Yaser to buy a variety of products to offer for sale so that he can expand his inventory and improve his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 7, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015