Funded

Total loan: $1,900
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A loan of $1,900 helped to paint the taxi and make some necessary repairs.


Nidal's story

Nidal is 38 years old, married and a father to one son and one daughter. For the past two years, Nidal has been driving a taxi. It has been a profitable business and the only source of income for the family, but it needs more support from time to time. Nidal is requesting a USD loan from FATEN to help him cover the costs of painting the taxi and making some necessary repairs such as installing mirrors and lights. This will enable Nidal to work extra hours and take additional internal and external requests, which will improve the family's income positively. Nidal is photographed next to his taxi. About Shariah-compliant lending: FATEN offers loan products that are designed to serve borrowers all over Palestine, including some religiously conservative areas. A key tenet of Islam is the prohibition of interest in the lending or accepting of money. This prohibition is based on the belief that money should be seen only as a medium of exchange and that it has no value in itself. FATEN has adapted the terms of this loan to fit the cultural context by attaching a 0% interest rate to the loan. In order to cover its costs, FATEN does charge a servicing fee. The amount you see fundraising includes both the principal loan and the loan servicing fees. As with all Kiva loans, you should expect to have your funds returned to you in accordance with the repayment schedule attached to this loan. For more information on lending in the Muslim world, please visit Kiva's Muslim World Lending helptext: http://tinyurl.com/3aekx8m.



Loan details

Loan length:

27 months
Disbursed date: October 17, 2012
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: October 17, 2012
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)