Sameeha is a conservative person who prefers not to have her photo published online, so her son Ra'fat appears in her Kiva profile photo, pictured next to the taxi whose price the family wants to complete.
Sameeha is a 50-year-old woman; she is married and a mother to two sons and one daughter. Her elder son is employed and gets a low salary. Her other son Ra'fat has been a taxi driver for four years, which has been a profitable project, but also needs more support to cover costs.
Sameeha is requesting a USD loan from FATEN to help her son Ra'fat cover the costs of purchasing a new taxi. Taking out this loan will enable Sameeha to help her son get a new taxi, which will allow him to work extra hours and contribute to increasing the family's income.
About this loan product:
FATEN offers loans that are customized for Muslim borrowers. A key principle of Islam is the prohibition of charging interest on a loan. This prohibition is based on the belief that money is only a medium of exchange and has no value in itself. In order to offer loans in a manner that is consistent with borrowers' values, FATEN charges 0% interest on this loan. However, FATEN does charge a servicing fee to cover its costs. The loan amount you see listed on Kiva includes both the loan principal and the servicing fees. As with all Kiva loans, you should expect to have your funds returned to you according to this loan’s repayment schedule.
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.