A loan of $2,675 helped to buy construction materials to complete his home.

Sameer's story

Sameer is a 49-year-old married man from Gaza city. He is a father with eight children. Sameer works as a worker with a very low wage that barely covers the family's needs.

Sameer would like to improve his family's living conditions by completing his new home and live in it with his family. Sameer took a USD Murabaha loan from FATEN. This loan will help Sameer to buy more construction materials and complete his new home.

FATEN offers loans that are customized for Muslim borrowers. A key principle of Islam is the prohibition of charging interest on a loan. This prohibition is based on the belief that money is only a medium of exchange and has no value in itself. In order to offer loans in a manner that is consistent with borrowers' values, FATEN charges 0% interest on this loan. However, FATEN does charge a servicing fee to cover its costs. The loan amount you see listed on Kiva 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 according to this loan’s repayment schedule. For more information on lending in the Muslim world, please click here.

Loan details

Lenders and lending teams

Loan details