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Basel
Basel is a 34-year-old, married man from Rafah city. He lives with his wife and four children, three sons and one daughter, in a small, simple house in the city.

Basel works as an employee in the public sector where he gets a low income. This is the only source of income for the family. Basel would like to improve the family's living conditions and to buy all the needed items.

Basel took a USD Murabaha loan from Palestine for Credit & Development (FATEN). This loan will help him to buy a water purification machine for his home. By taking this loan, Basel will be able to provide pure water for his family since the water in his area is not clean.

Basel 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
  • 99
    View loans »
    Palestine Loans Fundraising
  • $10,912,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Basel to buy a water purification machine for his home.
83% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Dec 2, 2013
Currency Exchange Loss:
N/A