Today, get an extra $25 to lend when you make your first Kiva loan.
Total loan: $1,800
Dier Al-Balah, Gaza Strip, , Palestine / Services
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Zeinat's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To paint a salon and purchase makeup and hair products.
Zeinat is a very ambitious wife and the mother of three daughters and one son. Zeinat started a beauty salon along with her husband three years ago to support her family and secure her children's future. Her husband, Majed, is a Palestinian National Authority employee. Zeinat needs makeup, facial and hair products to use in the salon; therefore, she came to FATEN for a loan to buy these items. Zeinat will save part of the returns to improve the salon and the rest to pay for her children's education fees. Majed's husband appears in the photo as Zeinat is a religious woman and doesn't want her picture online. 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.