Funded

Total loan: $1,825
Powered by 55 lenders

Ibtesam

Palestine
Jabalia, Gaza, Palestine / Personal Housing Expenses

A loan of $1,825 helped to purchase new home furniture.


Ibtesam's story

Ibtesam is a 36-year-old young woman. She is married and has two sons and one daughter. She lives in Jabalia refugee camp in Gaza located in Palestine. Her husband is a UN employee in Gaza with a decent salary. Ibtesam wants to replace her home furniture and purchase new ones instead to have better living conditions for her family, but the amount of money Ibtesam has isn't enough to pay so she needs to take a loan from FATEN. When Ibtesam gets her FATEN loan, which is repaid on a monthly basis, she will be able to purchase new home furniture and live with her family in better conditions. Ibtesam is a religious conservative woman, so her husband is photographed instead in the FATEN branch.

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

Loan length:

21 months
Disbursed date: August 11, 2011
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: August 11, 2011
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)