A loan of $2,525 helped to purchase dinning room furniture, bedroom furniture for the children and a washing machine.

Niveen's story

Niveen is a conservative woman, so her husband is photographed instead in the FATEN branch.

Niveen, who is a 34-year-old young woman, is a mother of three sons and two daughters. Her husband is a municipality employee with a decent salary, but his salary isn't enough to cover all his family expenses through the month. Niveen lacks some home appliances and furniture. She needs to purchase new dinning room furniture, bedroom furniture for her children and a washing machine, so she needs to take a loan from FATEN. When Niveen gets the loan, she will purchase all the home appliances and furniture she needs, so she will create for her family better and more comfortable living conditions.

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