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Ali
Ali is a 29-year-old married man from Rafah city. He is a father for three sons and one daughter, all of whom are under 10 years old. He works as an employee in the public sector where he gets a low and unstable income due to the economical situation. He would like to have another source of income, so he wants to buy a rickshaw and start work on it.

Ali took a US loan from FATEN. This loan will help him to buy a new rickshaw and start working on transferring goods in the local market. By taking this loan, Ali will be able to work another job and have another source of income to the family.

Additional Information

More information about this loan


The Startup loan is currently being offered by FATEN to recent university and vocational training center graduates whose business is in a startup phase and does not qualify for financing under regular business loan requirements.  The risks inherent in lending to startup businesses are mitigated by the creation of a feasibility plan during the loan application process, additional required collateral and an owner's contribution of at least 25%.  

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
  • 0
    View loans »
    Palestine Loans Fundraising
  • $11,191,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Ali to buy a new rickshaw and start working on transferring goods in the local market.
48% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2014
Listed
Apr 8, 2014
Currency Exchange Loss:
N/A