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Ahmad
Ahmad is a 36-year-old married man from Deir el Balah city. He lives with his wife and four kids; one son and three daughters. Ahmad works as an employee in the public sector where he gets a low income. This income barely covers all of the family needs.

Ahmad also works in his rickshaw where he buys groceries and food and resells them to the supermarkets in his area. It is a good business and it covers part of the family expenses.

Ahmad took a USD Murabaha loan from FATEN. This loan will help him buy more food and grocery products and resell them at the local market. This will increase his sales and income.

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

  • $2,900
    Average annual income
  • 33
    View loans »
    Palestine Loans Fundraising
  • $10,587,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,525 helped Ahmad to buy more food and grocery products and resell them at the local market.
50% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2014
Listed
Feb 21, 2014
Currency Exchange Loss:
N/A