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Ahmad
Ahmad is a 25-year-old single man from the city of Rafah. He lives with his family in a small, simple house. Ahmad works as an employee in a local firm where he earns a low income that is barely enough to cover all of his needs. Ahmad is a student at a local university, where he studies business administration. He would like to finish his studies and earn a BA degree so he can get a better job.

Ahmad is taking a Murabaha loan from FATEN to help him to buy a new laptop for his studies. With the help of this loan, Ahmad will be able to do his homework and write reports easily

Ahmad 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

  • $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
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Ahmad to buy a new laptop for his studies.
94% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2014
Listed
Feb 9, 2014
Currency Exchange Loss:
N/A