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Susan
Susan is a young wife from Jabalia refugee camp in Gaza Strip, Palestine. Her husband is a taxi driver in the refugee camp and the neighboring areas. Susan's husband needs to have his taxi painted and polished as it has a few cracks and he doesn't want these to increase. He cannot meet the required expense therefore Susan has taken out a loan from Kiva partner, FATEN, to cover the expenses and help her husband fix the car. The taxi is the only source of income for the family.

Susan is a conservative woman therefore her husband (next to his taxi) has been photographed instead.


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 fee. 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
  • 25
    View loans »
    Palestine Loans Fundraising
  • $10,301,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Susan to pay for her husband's taxi to be painted and polished.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jul 13, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 20, 2013