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Nafez
Nafez is a 33-year-old married man from Rafah city. He lives with his wife and five kids; four sons and one daughter. Nafez works in transporting goods for the local traders using his car. This is the only source of income for the family. Nafez would like to improve his business and the's family living conditions.

Nafez took a USD Murabaha loan from FATEN. This loan will help him buy more grocery products and transfer them to the local market to resell them. By taking this loan, Nafez will be able to improve his business and income.

Nafez 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
  • 37
    View loans »
    Palestine Loans Fundraising
  • $9,984,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,500 helped Nafez to buy more grocery products and transfer them to the local market to resell them.
45% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2014
Listed
Feb 19, 2014
Currency Exchange Loss:
N/A