A loan of $1,800 helped to purchase plastics to sell.

Yasser's story

Yasser is a 42-year-old, married man and a father to two sons and two daughters. His wife is employed, but the low salary she gets is barely enough to cover some of the family's needs.

For the past 12 years, Yasser has been operating his store. He is specializing in selling different types of plastics that customers request and buy for their home use.

Yasser is requesting a USD Murabaha loan from Palestine for Credit & Development (FATEN) to cover the cost of purchasing more plastics for his store. Taking this loan will increase sales and improve Yasser's income positively, so he could live with his family in better conditions. Yasser is photographed in 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 in 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