A loan of $1,775 helped to purchase grocery store goods to sell.

Fareeda's story

Fareeda is a mother from Rafah city in Gaza Strip. Fareeda has two daughters and two sons, and the sons are already working and responsible for their families. The two daughters, Mai and Asma, are college students.

Fareeda's husband is a Palestinian National Authority employee. A couple of years ago he started a small grocery store to increase the family's income and to be able to cover his daughters' education expenses.

Fareeda came to FATEN and took a loan because her husband wants to enlarge the store and sell a larger variety of products in order to attract more clients and increase his income.

Fareeda's son Salama appear in the picture here as she is a conservative woman like most inhabitants of Gaza.

About this loan product:
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

Loan details

Lenders and lending teams

Loan details