A loan of $1,900 helped to purchase mobile phones and accessories to sell.

Salah's story

Salah is a 27-year-old young man. He is married and a father to a 1-year-old daughter.

For the past four years, Salah has been operating a mobile phones store, which is located in a distinguished place in the market and has many loyal customers and a good reputation among them. This makes his project a profitable one and the only source of income to the family, but in spite of being a successful project, it also needs more support to cover some costs.

Salah is requesting a USD Murabaha loan from FATEN to cover the cost of purchasing a new collection of mobile phones and accessories. This will meet the customers’ requests and increase the sales, which will improve Salah's income and enable him to create better living conditions for his family.

Salah is photographed inside his store.

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