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Sammy from Palestine in particular from the Gaza Strip, Sammy 39 years old and he is married and he have six sons, He chose to take a loan from ACAD so he can get products for his business and pay for it ,Sammy would like to note that he have begun this grocery store when he bought the grocery store from one of the neighbors by using his savings with the help of his family ,Smmy personal ambition in the future expand this business because it is the only source of livelihood for him and his family , concerning the challenges Israeli blockade of the Gaza Strip and he cant go to Israel and work, are the main challenge .Finally Sammy want to thank ACAD and kiva for this chance to let the others hear about his story .

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, ACAD is charging 0% interest on this loan. This is a Murabaha loan, which means that ACAD 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.  

Important Information

The Arab Center for Agricultural Development (ACAD) is a microfinance organization operating in Ramallah, Palestine. Founded in 1993, it provides micro-loans, small loans, and agriculture loans and more to poor and low-income Palestinian entrepreneurs. ACAD focuses on several areas of development including offering credit, fostering community and building cooperatives.

Kiva lenders’ funds are used to help ACAD serve more people in remote areas, especially farmers working in agricultural cooperatives. Additionally, these funds enable ACAD to offer loans at lower interest rates to ensure that even the poorest Palestinians have access to affordable credit.


About Palestine

  • $2,900
    Average annual income
  • 23
    View loans »
    Palestine Loans Fundraising
  • $10,284,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD