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Ali
Ali is a 25-year-old married man from Jabalia city. He is a father with one son and one daughter. He works as an employee in the public sector and earns a low income. He also has an auto repair workshop which has been open for the past year. It is a good business and helps him to provide his family with all they need.

Ali took a USD loan from FATEN. This loan will help him to buy mobile phones for himself and his workers so they can communicate easily when they are working outside. This will help him to control the work and arrange it efficiently.

Ali appears in his workshop in this 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
  • 58
    View loans »
    Palestine Loans Fundraising
  • $10,539,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Ali to buy mobile phones for himself and his workers so they can communicate easily when they are working outside.
41% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2014
Listed
Jul 11, 2014
Currency Exchange Loss:
N/A