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Sep 23, 2016 8:03 PM ET

Archived: Palestine: Nashat – A loan of $750 helps nashat to buy a solar water heating system.

iCrowdNewswire - Sep 23, 2016


Jabalia, Gaza, Palestine / Personal Purchases
Borrower image

Nashat’s story

Nashat is a 36-year-old, married man from Jabalia refugee camp, Gaza Strip. He lives with his wife and three children in a small house. As an employee in the public sector, he earns a low income. This income barely covers all the family’s needs.

Because he is not able to save enough money, Nashat took a USD loan from Palestine for Credit & Development (FATEN) to buy a solar water heating system.

Palestinians use water boilers that use either electricity, gas or gasoline to heat the water, which can be dangerous, expensive, and inefficient.

This will help Nashat to provide hot water without using electricity, which is much more expensive and not always available because of the regular blackouts in Gaza Strip and the siege. 

This loan is special because:

It provides access to environmentally friendly products. 

Lev Plaves
Kiva staff

More about this loan

This loan is part of FATEN’s green loan program, which helps clients to gain access to environmentally friendly products that reduce pollution in Palestine. The loan will specifically be used to purchase solar panels, usually used to heat water. In addition to being environmentally friendly, Palestine suffers from high electricity prices and power outages are a common occurrence, especially in the Gaza Strip. By supporting this loan, you are helping people in Palestine reduce their utility costs ensure a more reliable source of electricity. 

About Palestine for Credit & Development (FATEN):

Palestinians face unique challenges due to the economic and political environment in the West Bank and Gaza. Click here to learn moreabout how Kiva and FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.

A loan of $750 helps nashat to buy a solar water heating system.

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