A loan of $1,800 helped to purchase needed stock of basic groceries and to make improvements in the store's condition.


Rami's story

Rami, photographed here in his grocery store, is a 22-year-old single young man.
For the past two years, Rami has sold different types of groceries in his store. It has been a profitable project and his only source of income, but not enough to cover the costs.
Rami is requesting a USD loan from FATEN to help him purchase a needed stock of basic groceries that customers often request and buy such as rice, sugar, dairy products and canned food. The loan also would help him make improvements in the store's condition such as installing additional shelves. Taking this loan will increase sales and increase Rami's income, which will ensure him better living conditions.
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.



Loan details


Lenders and lending teams



Loan details