Funded

Total loan: $875
Powered by 30 lenders

Ghaleb

Palestine
Palestine / Personal Purchases

A loan of $875 helped to buy a new laptop.


Ghaleb's story

Ghaleb is a conservative person who prefers not to have his photo published online, so his son appears in his Kiva profile photo.

Ghaleb is a 57-year-old married man, a father to three sons and two daughters. He is employed and earns a small salary that is not enough to cover the family's needs. Ghaleb's son is a university student specializing in Engineering who wants to complete his studies, so Ghaleb is requesting a USD loan from FATEN to help his son cover the cost of purchasing a new laptop. This will help Ghaleb's son to do his homework and reports and help him in his studies. This will ensure a better future for Ghaleb's son and improve the family's living conditions.

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:

26 months
Disbursed date: November 19, 2012
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: November 19, 2012
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)