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Apr 21, 2017 6:27 AM ET

Palestine: Muhammad: A loan of $1,100 helps to buy supplies and products for his electrical and plumbing store.

iCrowdNewswire - Apr 21, 2017

Muhammad

Palestine
 
 
Borrower image
 

Muhammad’s story

Muhammad is a 33-year-old man from Khan Younis, Gaza Strip. He is a married man who lives with his wife and three adorable children. He is the sole provider for the family, who rely on his income to make ends meet. He works in the public sector where he earns a low income that is barely enough for their basic needs.

He also has a store for electrical and plumbing equipment that is a second source of income for his family. He went to Palestine for Credit and Development (FATEN) to request a US Dollar loan to buy supplies and products for his store in order to increase his sales and his family income. He hopes you will help and fund his loan.

This loan is special because:

It complies with Islamic law by charging fees instead of interest.

Lev Plaves
Kiva staff

More 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.  

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:

Muhammad

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