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Osama, who is photographed next to his taxi, is a 34-year-old married man and a father of two sons and two daughters. Osama lives a modest life with his family in the Jabalia area located in Gaza City. He is employed, but earns a low salary which is not enough to cover all of his costs and provide for his family's needs.

Osama has also been a taxi driver for the past three months. He wants to have his own taxi in order to work on his own project. It is a step to increase his income and provide his family with better living conditions.

Osama is requesting a USD Murabaha loan from FATEN to purchase his own taxi. This will help Osama to feel free to work extra hours and take more internal and external requests, which will lead to an increase in his income and better living conditions for his family.

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:

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.  


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

  • $4,900
    Average annual income
  • 107
    View loans »
    Palestine Loans Fundraising
  • $14,228,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Osama to purchase his own taxi.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 11, 2012
Jan 5, 2013
Currency Exchange Loss:
Feb 17, 2015