Funded

Total loan: $850
Powered by 30 lenders

Ahed

Palestine
Palestine / Personal Purchases

A loan of $850 helped to purchase a new laptop.


Ahed's story

Ahed is a single Palestinian young man. He is a worker in a carpentry workshop and earns a small salary that is barely enough to cover his needs. He is also a university student who wants to complete his studies, so he is requesting a USD Murabaha loan from FATEN to help him cover the cost of purchasing a new laptop. This will help Ahed do his homework and reports and help him in his studies. This will ensure a better future for Ahed and improve his 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 help text: http://tinyurl.com/3aekx8m.



Loan details

Loan length:

21 months
Disbursed date: March 21, 2013
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: March 21, 2013
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)