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Ahmed is Palestinian guy from Gaza Strip. He is 24 years old, single, and lives with his parents. Ahmed chose to take a loan from (ACAD) to pay for goods for his small grocery store, so he can increase his income to support his family. Ahmed started his grocery store when his father gave him space in their own house to open the store. In the future, Ahmed is looking to expand his grocery store and rent another bigger place. His main challenges are Israel siege and expensiveness of living. Finally, Ahmed wants to thank ACAD and Kiva for this chance to 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.


About Palestine

  • $2,900
    Average annual income
  • 24
    View loans »
    Palestine Loans Fundraising
  • $10,336,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD