Total loan: $1,550
Jabalia-Gaza Strip, , Palestine / Retail
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Hanadi's loan finished fundraising,
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A loan helped To purchase electronics to sell in the store.
Hanadi is a young woman from Jabalia refugee camp. Hanadi's husband, Ahmed, runs an electronics accessories store selling items such as batteries, electric machines cords, etc. Hanadi's husband needs to improve the store, adding shelves and showing windows as well as purchasing more goods to sell and increase his returns. Hanadi is a housewife and helps her husband by working in the store. The store serves a good number of clients, and selling more goods will be helpful to improve it and have better income. Hanadi's husband appears here in the picture as Hanadi is not comfortable having her picture online since she comes from a conservative background. Important information about this loan: 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 our FAQs.