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Mohannad
Mohannad is an 18-year-old single young man from Rafah city. He lives with his family in a small, simple house. Mohannad's father works as an employee in the public sector where he gets a low income. This is the only source of income for the family. Mohannad is a student in a local university, where he studies engineering.
Mohannad took a USD Murabaha loan from FATEN. This loan will help him to buy a new laptop for his study. By taking this loan, Mohannad will be able to do his homework and write reports easily.
Mohannad appears in the photo above.

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
  • 32
    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 $600 helped Mohannad to buy a new laptop for his study.
61% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Mar 23, 2014
Currency Exchange Loss:
N/A