Iman is a mother of three sons and five daughters who are college and school students. Her husband Sha'ban is a taxi driver; he owns the taxi he works on and drives passengers for long distances between cities.
Iman's husband Sha'ban needed to replace auto parts to extend his taxi's life and enhance its performance as it's the family's source of income. Iman came to FATEN and took a loan for this purpose.
Iman's husband Sha'ban appear in the picture here because Iman comes from a very religious family.
About this loan product:
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.