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Faysal is a 44-year-old married man from Rafah city. He lives with his wife and his daughter in a small house. Faysal is an employee in the public sector where he gets a low income. This is the only source of income to the family. Faysal would like to improve the family's conditions by buying all the needed stuff. Faysal took a USD Murabaha loan from FATEN. This loan will help him to buy a water heating system that uses solar energy and a tank for his home. By applying this loan, the family will reduce their use of electricity for heating water especially in the winter. This will improve the family 's living conditions. Faysal appears in the photo.

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
  • 99
    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 $1,700 helped Faysal to buy a water heating system that uses solar energy and a tank for his home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 24, 2013
Nov 6, 2013
Currency Exchange Loss:
Jan 17, 2015