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Younes is a 38-year-old married man. He is a father of four children. Younes works two jobs. For part of the day, he is an employee who earns a low salary. For the rest of the day, he works as a taxi driver. These two incomes help somehow to provide the family with better conditions. The taxi Younes drives needs some maintenance and repairing.

Younes took a USD Murabaha loan from FATEN to cover the cost of purchasing a new engine for the taxi and to make necessary repairs such as installing new wheels. This will increase the taxi's capacity to work extra hours and enable Younes to take additional requests, which will improve the family's income positively.

Younes appears in the photo beside 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:

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
  • 71
    View loans »
    Palestine Loans Fundraising
  • $14,460,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Younes to pay the maintenance expenses for his taxi.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 24, 2012
Jan 21, 2013
Currency Exchange Loss:
Feb 17, 2015