Check out some available loans that are similar to this one!
Nael
Nael is a 27-year-old single man from Jabalia city. He lives alone in a small simple house. Two years ago, Nael opened a store to sell local perfumes. It is a good business since it is the only one in the area. Nael would like to expand his store and improve it.

Nael took a USD Murabha loan from FATEN. This loan will help him to buy more perfumes for his store to resell. By taking this loan, Nael will be able to improve his store and increase the sales.

Nael appears in his store 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.

Tags

About Palestine

  • $2,900
    Average annual income
  • 60
    View loans »
    Palestine Loans Fundraising
  • $10,508,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,900 helped Nael to buy more perfumes for his store.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
N/A
Expired:
May 3, 2014