A loan of $975 helped to buy a new laptop.

Meryam's story

Meryam is a conservative person who prefers not to have her photo published online, so her husband appears in her Kiva profile photo.

Meryam is a 21-year-old, married woman with no children yet. Her husband is employed and gets a low salary, which is not enough to cover all their costs.

Meryam is a university student, specializing in Arts, who wants to complete her studies. She is requesting a USD Murabaha loan from Palestine for Credit & Development (FATEN) to help her cover the cost of purchasing a new laptop. This will help Meryam to do her homework and complete her reports. This will ensure a better future for Meryam and improve her conditions.

About Shariah-compliant lending:
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.

Loan details

Lenders and lending teams

Loan details