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Nidal
Nidal is a 28-year-old, married man from Rafah city. He lives with his wife in a small, simple house. Nidal works as an employee in the public sector, with a low income. This income is barely enough to cover all the family's needs. Nidal tries to find another source of income to improve the family's living conditions.

Nidal took a USD Murabaha loan from Palestine for Credit & Development (FATEN). This loan will help him to buy a new rickshaw for work purposes. By taking this loan, Nidal will be able to transfer goods to the local traders. This will increase the family's income and improve their living conditions.

Nidal 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
  • 57
    View loans »
    Palestine Loans Fundraising
  • $11,404,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Nidal to buy a new rickshaw for work purposes.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2014
Listed
Feb 20, 2014
Currency Exchange Loss:
N/A
Ended:
Jun 21, 2015