A loan of $1,925 helped to buy more products for his shop to sell.

Mohammad's story

Mohammad is a 27-year-old single young man. He lives in Khan Younis in a small house.

For the past three years, Mohammad has had a cosmetics store which contains beauty products, perfumes and other cosmetics products. This store is a very successful project and earns a pretty good income, but some times it needs more liquidity to buy more products.

Mohammad took a USD Murabaha loan from FATEN. This loan will help Mohammad to buy more products for his store, which will increase his sales and therefore increase his income positively. This will ensure Mohammad a better future.

Mohammad appears in the photo.

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 page: http://tinyurl.com/3aekx8m.

Loan details

Lenders and lending teams

Loan details