Zainat, 33, is married with two sons and three daughters. Her husband is a Palestinian National Authority employee with a decent salary. Zainat has a project raising ornament birds for sale. She wants to purchase new cages and fodder to expand and improve her project but, as she doesn't have enough money to pay for this, she needs to take a loan from FATEN. When she takes the loan, which is repaid on a monthly basis, she will be able to purchase new cages and more fodder to raise more ornament birds. This will enable Zainat to expand and improve her project and increase her sales, which in turn will increase her income and enable her to provide better living conditions to her family. Zainat is a conservative woman, so her husband Waleed is photographed instead.
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 help text: 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.