Majdoleen is a 30-year-old young woman and a mother of two sons. Her husband has a farm for raising chicks for resale at a profit. Majdoleen wants to help her husband to expand the project by purchasing additional numbers of chicks and fodder to feed them, since the amount of money he gets from the project isn't enough to cover such purchases.
Majdoleen is requesting a loan from Kiva partner FATEN to pay for these purchases. The loan will enable Majdoleen to help her husband to expand the project, which is the only source of income for the family. The result will be an increase in sales and therefore a positive improvement in the family's income and standard of living.
Majdoleen is a conservative woman, so her husband is photographed on his farm 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.
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.