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Susan
Susan lives in Gaza City in Gaza Strip. The family owns a coffee roaster and produces coffee for sale as well as all kinds of spices to sell to shops and vendors. Susan works as an employee. Together with her husband's income, they take care of two daughters, Sarah and Asala, and two sons, Ahmed and Muhammad. Susan took out a loan from FATEN as her husband needs to purchase a large amount of coffee beans to increase production in order to increase their customers and secure a better life for the children.

Nayef, Susan's husband, appears in the photo as she comes from a conservative background and doesn't want her picture online

About Shariah-compliant lending:

FATEN offers loan products that are designed to serve borrowers all over Palestine, including some religiously conservative areas. A key tenet of Islam is the prohibition of interest in the lending or accepting of money. This prohibition is based on the belief that money should be seen only as a medium of exchange and that it has no value in itself. FATEN has adapted the terms of this loan to fit the cultural context by attaching a 0% interest rate to the loan. In order to cover its costs, FATEN does charge a servicing fee. The amount you see fundraising includes both the principal loan and the loan servicing fees. As with all Kiva loans, you should expect to have your funds returned to you in accordance with the repayment schedule attached to this loan. For more information on lending in the Muslim world, please visit Kiva's Muslim World Lending helptext: http://tinyurl.com/3aekx8m.

Additional Information

About 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.

About Palestine

  • $2,900
    Average annual income
  • 32
    View loans »
    Palestine Loans Fundraising
  • $10,587,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Susan to purchase coffee beans.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Nov 14, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013