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Mohammad
Mohammad is a 21-year-old, single man from Jabalia city. His father works as an employee in a local firm where he gets a low income. This is the only source of income to the family. Mohammad is a university student specializing in business administration. He would like to earn a BA degree and find a job in the future to help his family with part of their expenses. Mohammad took a USD Murabaha loan from FATEN. This loan will help him to buy a new laptop for his studies. By taking this loan, Mohammad will be able to read articles and write the reports easily. This will help him to get very high marks. Mohammad 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.

About Palestine

  • $2,900
    Average annual income
  • 23
    View loans »
    Palestine Loans Fundraising
  • $11,166,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,125 helped Mohammad to buy a new laptop for his studies.
41% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 2, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
N/A