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Hasan is a 24-year-old single man from the city of Rafah. He has worked as a taxi driver for three years, and this has been the only source of income for the family.

Hasan would like to buy a new engine for his car to improve its capacity and enable him to work more hours using it. For this reason, Hasan took a Murabaha loan from FATEN. This loan will help Hasan to cover the costs of buying a new engine. This will improve his car's condition and enable him to increase his income.

Hasan appears in the photo beside his taxi.

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
  • 58
    View loans »
    Palestine Loans Fundraising
  • $14,176,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Hasan to buy a new engine for his taxi.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 16, 2013
May 27, 2013
Currency Exchange Loss:
Jul 17, 2015