Funded

Total loan: $1,825
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A loan of $1,825 helped to pay for her husband's taxi to be painted and polished.


Susan's story

Susan is a young wife from Jabalia refugee camp in Gaza Strip, Palestine. Her husband is a taxi driver in the refugee camp and the neighboring areas. Susan's husband needs to have his taxi painted and polished as it has a few cracks and he doesn't want these to increase. He cannot meet the required expense therefore Susan has taken out a loan from Kiva partner, FATEN, to cover the expenses and help her husband fix the car. The taxi is the only source of income for the family.

Susan is a conservative woman therefore her husband (next to his taxi) has been photographed instead.

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 fee. 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: June 15, 2011
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: June 15, 2011
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)