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Ahmad
Ahmad is a 25-year-old single young man from Gaza city. He lives with his family in a small simple house. Ahmad's father works as an employee in a local firm where he gets a low income. This income barely covers all his needs.

Ahmad is a university student in his last year. He would like to finish his study and find a good job to help his family in part of their expenses.

Ahmad took a USD Murabaha loan from FATEN. This loan will help him to buy a new laptop for his study. By taking this loan, Ahmad will be able to do his home work and complete his studies easily.

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.

About Palestine

  • $2,900
    Average annual income
  • 34
    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 $1,175 helped Ahmad to buy a new laptop for his study.
54% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2014
Listed
Mar 7, 2014
Currency Exchange Loss:
N/A