Total loan: $1,200
Biet Hanoun, Gaza Strip, , Palestine / Food
Samah's loan finished fundraising,
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A loan helped to purchase more groceries to have a better selection for sale.
Samah, 22, is married and has two sons and two daughters. Her husband is a Palestinian National Authority employee with a decent salary. Samah has a grocery store and wants to purchase more groceries to have a better selection for sale, in order to increase her income. She doesn't have enough money to pay for this, so she needs to take a loan from FATEN. When Samah gets the loan, which is repaid on a monthly basis, she will be able to purchase more groceries and have a variety of groceries for sale. This will enable her to compete, to sell more and to increase her income in order to have a better quality of life. Samah is a conservative woman so her husband is photographed instead in the grocery store. 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 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.