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

Ibtesam's story

Ibtesam is a 46-year-old woman, she is married and has one son and three daughters. Her husband is a Palestinian National Authority employee with a decent salary.

Ibtesam wants to improve her home by purchasing new necessary home furniture such as bedroom furniture for her children, living room seats, and a kitchen table but she doesn't have enough money to pay for these so she needs to borrow a loan from FATEN. When Ibtesam gets the loan, she will purchase new home furniture and be able to offer her family better and more comfortable living conditions. Ibtesam is a conservative woman so her husband is photographed here instead of her in the picture.

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