A loan of $1,200 helped to purchase new home furniture.

Sawsan's story

Sawsan is a 33-year-old young woman. She is married with two sons and two daughters and her husband is a Palestinian National Authority employee with decent salary. Sawsan wants to improve her family living conditions by purchasing new home furniture such as: bedroom furniture for her children, living room seats, etc, but the amount of money she has isn't enough to pay. So she needs to take a loan from FATEN. When she gets the loan, she will be able to purchase the necessary home furniture that she and her family need to have better home living conditions. Sawsan is a 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

Lenders and lending teams

Loan details