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Mohammed
Mohammad is a 37-year-old Palestinian man who lives in the Gaza Strip. He is married and has four children.

Mohammad chose to take a loan from ACAD to improve their standard of living through expanding his small bird breeding business. Mohammad began his good project through working in his home. Mohammad wants to expand his business to support his family.

His most important business challenges are the Israeli blockade and rising prices of bird feed.

Finally, Mohammed wants to thank ACAD and KIVA for letting him share 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.

Tags

About Palestine

  • $4,900
    Average annual income
  • 41
    View loans »
    Palestine Loans Fundraising
  • $11,639,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Mohammed to purchase birds feed.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015