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Ahmad
Ahmad is a 20-year-old single young man from Khan Younis. He lives with his parents and brothers in a humble house. Ahmad's father is an employee in a local firm, where he gets a limited and low income.

The family has a grocery store where Ahmad works. It is a good business, and demand for consumable products is high.

Ahmad is seeking for a loan from FATEN; this loan will help buy a new refrigerator for the grocery store.

By taking this loan, Ahmad will be able to increase the inventory in his store, and also his sales. Ahmad appears in the photo in his grocery store.

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
  • 55
    View loans »
    Palestine Loans Fundraising
  • $10,544,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Ahmad to buy a new refrigerator for the grocery store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2015