Muna A. is a young woman married to Ismael and a mother of six daughters and two sons. The family own a small rabbit farm where they raise rabbits for sale. Muna came to FATEN and asked for a loan in order to purchase more rabbits and feed to answer the increased demand, as Al Adha feast is coming soon.
Muna, her husband and one of her sons work on the farm, while the rest are school students. Muna and her husband aim to increase returns and enlarge the farm, especially because they are a big family and Gaza has a lot of farms, which increases competition.
Muna's husband appears on the farm in the picture here since the conservative background Muna comes from prevents her from having her picture online.
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.
Palestinians face unique challenges due to the economic and political environment in the West Bank and Gaza. Click here to learn more about how Kiva and FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.