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Deeb
Deeb is a 29-year-old married man from Rafah city; he lives with his wife and three sons.

Deeb has a stall for selling clothes in the city. It is a good business, but seasonal. He buys his products from the wholesalers and resells them. Deeb would like to expand his business and open in a store in the future.

Deeb took a USD Murabha loan from FATEN. This loan will help him to buy a new collection of clothes to sell.

By taking this loan, he will be able to increase his sales, and also his income.

Deeb 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

  • $2,900
    Average annual income
  • 1
    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 $1,900 helped Deeb to buy a new collection of clothes to sell.
54% repaid
Repayment Term
28 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 8, 2014
Currency Exchange Loss:
N/A