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Samaher
Samaher, a young married Palestinian woman and mother to one son and one daughter. is a conservative person who prefers not to have her photo published online, so her husband appears in her Kiva profile photo, pictured in his store that sells vehicle spare parts.



For the past three years, Samaher's husband has been buying and selling vehicle spare parts, a profitable project and the family's only source of income. Because they also need more support to cover the family's needs and costs, Samaher is requesting a USD loan from FATEN to help her husband purchase more spare parts to resell. This will increase sales and improve the family's income.



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
  • 34
    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 $1,900 helped Samaher to purchase more used vehicle spare parts to resell.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2012
Listed
Jun 18, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014