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Apr 18, 2017 8:41 PM ET

Palestine: Abed Allah: A loan of $625 helps to buy a laptop for his studies.

iCrowdNewswire - Apr 18, 2017

Abed Allah

Palestine
 
 
Borrower image
 

A loan of $625 helps to buy a laptop for his studies.

Abed Allah’s story

Abed Allah, who appears in the photo, is an 18-year-old from Dier Al Balah, Gaza Strip. He is a student at a local university. He studies computer engineering and he is very good in his lessons. His father is the sole provider for the family, who relies on his income to make ends meet. He works in the public sector where he earns a low income. This income is barely enough for the basic needs. Abed Allah went to Palestine for Credit and Development (FATEN) to request a US Dollar loan to buy a laptop for his studies to do his homework and research. 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:

Abed Allah

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