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Omar
Omar is a 24 years old single young man from Rafah city. He lives alone in a small simple house in the city. two years ago, Omar started hi own business which is selling accessories and gifts on a stall.
Omar took a USD Murabaha loan from FATEN. This loan will help him to buy more products for his accessory stall to resell. by taking this loan, Omar will be able to improve his business and also his income.
Omar appears in the photo

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
  • 33
    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 $1,525 helped Omar to buy more products for his accessory stall to resell.
48% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
N/A