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Hanan
Hanan is a 43-year-old woman who is married and has two sons and one daughter. Her husband is a Palestinian National Authority employee with a decent salary. Hanan wants to purchase new furniture for her home to replace their old furniture, such as bedroom furniture and living room furniture, but the money she has isn't enough to pay for it, so she needs to take a loan from FATEN. When Hanan gets the loan, she will be able to purchase new furniture and provide her family with better living conditions. Hanan is a conservative woman, so her husband 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 helptext: http://tinyurl.com/3aekx8m.

Additional Information

About FATEN

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.

About Palestine

  • $2,900
    Average annual income
  • 103
    View loans »
    Palestine Loans Fundraising
  • $10,886,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Hanan to purchase new home furniture to improve her family's living conditions.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2011
Listed
Nov 4, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 21, 2013