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Suad
Suad is a 28 year-old divorced woman from Rafah city. She is a mother for three sons and one daughter. For the past years, Suad has been working in her home where she makes some food and sells it as requested. It used to be ordered for parties and weddings. It is a good business, but her home does not have enough tools to meet the demand.
Suad took a USD Murabaha loan from FATEN. This loan will help her to buy a big dough machine. This machine will increase her productivity and also her income. Suad will be able to buy all the necessary needs for her home and live in a better conditions with her family.
Suad appears in the photo while she was in the store for purchasing the machine.

Additional Information

More information 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 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.

Tags

About Palestine

  • $2,900
    Average annual income
  • 12
    View loans »
    Palestine Loans Fundraising
  • $10,228,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Suad to buy a big dough machine.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2013
Listed
Oct 12, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015