Check out some available loans that are similar to this one!
Hamdi
Hamdi is a 25-year-old married man from Rafah city. He lives with his wife in a small, simple house in the city. Hamdi is an employee in a local firm where he gets a low income. This income barely covers all the family's needs. He decided to buy a new rickshaw to work on. This will help him to cover part of the family's expenses.

Hamdi took out a Murabaha loan from FATEN. This loan will help him to buy a new rickshaw and start to transfer goods in the local market. By taking this loan, Hamdi will be able to find a new source of income and improve the family's living conditions.

Hamdi 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
  • 62
    View loans »
    Palestine Loans Fundraising
  • $10,508,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,250 helped Hamdi to buy a new rickshaw and start to transfer goods in the local market.
50% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
N/A