A loan of $2,400 helped to purchase concrete and tools to start a bakery.

Manal's story

Manal is a 24-year-old woman, who finished school and didn't find a job due to lack of jobs in the Gaza Strip. She thought of starting a small project at home. She had the idea of building a small traditional bakery stove to make traditional Palestinian bread.

Manal took out a loan from FATEN to purchase the concrete and tools needed to start the project. This project will help Manal and her husband (who appears in the picture as she is a conservative woman) have a better income.

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 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