A loan of $1,925 helped to purchase more home products to sell.

Momen's story

Momen is a 25-year-old young married man with no children yet. For the past three years, he has been selling home products from his store, which is situated in a good location in the center of the market and is well known among customers. His business is profitable and is his only source of income; however, it needs more support from time to time to cover some costs.

Momen is requesting a Murabaha loan from FATEN (see below) to cover the cost of purchasing a new collection of home products to sell. This will increase sales and improve his income positively. Momen 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