Funded

Total loan: $1,800
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Alya

Palestine
Palestine / Auto Repair

A loan of $1,800 helped to pay off rent and purchase auto repair tools.


Alya's story

Alya is a wife and a mother of four daughters and two sons. Alya is married to Robin, who owns an auto repair workshop. Alya's husband has been working in this field for eight years now. The workshop is located on the main street and attracts a lot of new customers.

Alya came to FATEN and took out a loan to help her husband pay off the rent and purchase the repair tools he needs in his work. Alya's husband Robin appears in the picture in his workshop because Alya is very religious.

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 culturA. 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 principA. 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

Loan length:

21 months
Disbursed date: October 15, 2010
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: October 15, 2010
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)