Check out some available loans that are similar to this one!
Ali
Ali is a 23-year-old single man from Deir el Balah. He lives with his family in a small simple house. His father works as an employee in the public sector where he gets a low income. This income can barely cover all the family expenses. Ali is a student in a local university where he studies English literature. He would like to become a teacher in the future.

Ali took a USD loan from FATEN. This loan will help him to buy a new laptop for his studies. By taking this loan, Ali will be able to read articles online and write the reports easily.

Ali appears in the photo with his new laptop.

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
  • 25
    View loans »
    Palestine Loans Fundraising
  • $10,301,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $625 helped Ali to buy a new laptop for his studies.
45% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2014
Listed
Sep 2, 2014
Currency Exchange Loss:
N/A