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Mar 31, 2017 2:03 PM ET

Palestine: Ibrahem: A loan of $2,350 helps to buy a laptop for his studies in computer science.

iCrowdNewswire - Mar 31, 2017

Ibrahem

Palestine
 
 
Borrower image
 

A loan of $2,350 helps to buy a laptop for his studies in computer science.

Ibrahem’s story

Ibrahem, who appears in the photo, is a 19-year-old from Jabalia, Gaza Strip. He is a student at a local university. He studies computer science, and he is very excellent in that field. He needs a laptop for his studies, but he doesn’t have enough money. For that reason, he went to Palestine for Credit and Development (FATEN) to request a US Dollar loan. He planned to use the loan to buy a laptop for his studies. He will use the laptop to do his research and homework. He hopes you will help and fund his loan.

This loan is special because:

It pays for higher education expenses for students from low-income families.

Lev Plaves
Kiva staff

More about this loan

This loan is part of FATEN’s new education program, designed to finance school-related expenses for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education. By supporting this loan, you’re enabling access to education for students with limited options.

The loan is also 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.

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 more about how Kiva and FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.

Contact Information:

Ibrahem

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