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Medhat
Medhat is a 20-year-old single man from Rafah. He lives with his family in a small simple house.

Medhat and his father work on the family farm. They plant fruits and vegetables to sell at the local market. The farm is a very good seasonal business.
Medhat would like to improve his business. He is requesting a loan from FATEN to buy a new rickshaw that will help him transport the crops to the market.

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
  • 93
    View loans »
    Palestine Loans Fundraising
  • $10,877,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Medhat to buy a new rickshaw to transport his crops to the market.
54% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2014
Listed
Mar 24, 2014
Currency Exchange Loss:
N/A