Afnan is married to Mumen. She is a mother of one daughter and one son. Her husband Mumen (who appears in the picture as she is a conservative woman) is a Palestinian National Authority employee and a transport car driver.
Mumen transports goods in the city where he lives. Afinan took out a loan from FATEN as her husband wants to buy an engine and replace the one in his car as it is not working properly anymore.
The loan will help the family have a better income as Mumen will be able to transport more goods and over longer distances.
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.