Huda is a conservative person who prefers not to have her photo published online, so her husband Khaled appears in her Kiva profile photo.
Huda is a 36-year-old woman who is married to Khaled. She is also a mother to four sons and one daughter. Her husband is employed, but he earns a low salary that is not enough to cover the family's needs.
Huda is requesting a loan from FATEN to help her cover the costs of purchasing new home furniture such as living room furniture and bedroom furniture for her children. These purchases will improve the family's home living conditions and offer Huda's children comfortable beds to sleep in.
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 principal loan and the loan servicing fees. As with all Kiva loans, you should expect to have your funds returned to you according to this loan’s repayment schedule. For more information on lending in the Muslim world, please click here.
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.