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Ahmad
Ahmad is a 24 years old single man from Jabalia city. He opened a grocery store nine months ago. It is a good business and the demand is high because it is the only one in his area. Ahmad would like to improve his business and expand it.

Ahmad took a USD loan from FATEN. This loan will help him to buy more products for his grocery store like rice and sugar to sell. By taking this loan, Ahmad will be able to increase his sales and income. Ahmad 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.

Tags

About Palestine

  • $4,900
    Average annual income
  • 49
    View loans »
    Palestine Loans Fundraising
  • $11,632,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,900 helped Ahmad to buy more products for his grocery store; like rice and sugar to sell.
66% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
N/A