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Khaled is a 26-year-old single man. Kaled is an employee in the public sector but he gets a very low wage. For the past two years, Khaled has been driving a taxi, which has been a profitable project.

Khaled is requesting a USD Murabaha loan from FATEN to help him cover the costs of purchasing a new engine for the taxi he drives. This will increase the taxi's capacity to work extra hours and enable Khaled to take additional internal and external requests, which will improve the family's income positively.

Khaled 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
  • 86
    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 $1,275 helped Khaled to buy a new engine for his taxi.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 7, 2013
May 30, 2013
Currency Exchange Loss:
Jul 17, 2015