Funded

Total loan: $1,825
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A loan of $1,825 helped to pay for a new taxi.


Samah's story

Samah is a conservative person who prefers not to have her photo published online, so her husband Hatem appears next to his new taxi in her Kiva profile photo.

Samah is a 32-year-old young woman from Jabalia; she is married and a mother to two sons and three daughters. Samah's husband has been a taxi driver for the past four years, which has been a profitable project and the only source of income for the family.

Samah's husband would like to buy a new taxi to replace his old one, which has high maintenance costs. This will help the family to increase their income.

Samah is requesting a loan from FATEN in order to help her husband pay for his new taxi. This loan will help the family to increase their income and improve their 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 fundraising amount you see 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

Loan length:

21 months
Disbursed date: December 13, 2012
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: December 13, 2012
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)