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Sadeq is a Palestinian guy from the city of Jenin. Sadeq is 39 years old, married and father of two children. Sadeq chose to take a loan from ACAD so he can expand his business which is butcher shop. Because this butcher shop is the only source of income for his family, he decided to expand it by buying another butcher machine to keep up with the increasing demand of his customers. He also cannot work anywhere else besides the butcher shop for health issues. Concerning the challenges to him, competition is the main challenge. Finally, Sadeq wants to thank ACAD and Kiva for their help. “Thank you.”

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, ACAD is charging 0% interest on this loan. This is a Murabaha loan, which means that ACAD 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.  

Important Information

The Arab Center for Agricultural Development (ACAD) is a microfinance organization operating in Ramallah, Palestine. Founded in 1993, it provides micro-loans, small loans, and agriculture loans and more to poor and low-income Palestinian entrepreneurs. ACAD focuses on several areas of development including offering credit, fostering community and building cooperatives.

Kiva lenders’ funds are used to help ACAD serve more people in remote areas, especially farmers working in agricultural cooperatives. Additionally, these funds enable ACAD to offer loans at lower interest rates to ensure that even the poorest Palestinians have access to affordable credit.


About Palestine

  • $4,900
    Average annual income
  • 79
    View loans »
    Palestine Loans Fundraising
  • $14,176,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Sadeq to buy another butcher machine for his butcher shop.
95% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 24, 2014
Mar 14, 2014
Currency Exchange Loss: