Rowieda is a conservative person who prefers not to have her photo published online, so her husband appears in her Kiva profile photo, pictured next to his taxi.
Rowieda is a 38-year-old woman; she is married and a mother to one son and one daughter. Her husband is employed and gets a low salary, which is not enough to cover the family's needs.
For the past four years, Rowieda's husband has also been driving a taxi, which has been a profitable project, but also needs more support to cover the costs.
Rowieda is requesting a USD loan from FATEN to help her husband complete the price of purchasing a new taxi instead of the old one which has become unusable. This will enable Rowieda's husband to work extra hours and improve 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 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.