A loan of $1,900 helped to buy used spare parts to resell.

Medhat's story

Medhat is a 26-year-old single man.

He is employed, but the salary he gets isn't enough to cover his needs. For the past four years, Medhat has also been purchasing and selling used spare parts such as generators, blacksmith tools and compressors. This has been a profitable project, but he needs more support to cover the costs and purchases.

Medhat is requesting a youth loan from FATEN to help him cover the costs of purchasing more used spare parts to resell. This will increase sales and improve Medhat's income.

Medhat is photographed in his store.

About this loan product:
FATEN offers loans that are customized for Muslim borrowers. A key principle of Islam is the prohibition of charging interest on a loan. This prohibition is based on the belief that money is only a medium of exchange and has no value in itself. In order to offer loans in a manner that is consistent with borrowers' values, FATEN charges 0% interest on this loan. However, FATEN does charge a servicing fee to cover its costs. The loan amount you see listed on Kiva 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 according to this loan’s repayment schedule. For more information on lending in the Muslim world, please click here.

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