A loan of $1,250 helped to purchase new bedroom furniture.

Nader's story

Nader is a 29-year-old young man, he is married with one son.

Nader is employed with a low salary, which is not enough to cover all the family's needs and costs. He is requesting a youth loan from FATEN to help him cover the cost of purchasing new bedroom furniture to improve his home living conditions.

This will enable Nader to give himself and his wife more comfortable and suitable home furniture and live in better conditions. Nader is photographed in the picture.

About this loan product:
FATEN offers loans that are customized for Muslim borrowers. A key principle of Islam is the prohibition of charging interest on a loan. This prohibition is based on the belief that money is only a medium of exchange and has no value in itself. In order to offer loans in a manner that is consistent with borrowers' values, FATEN charges 0% interest on this loan. However, FATEN does charge a servicing fee to cover its costs. The loan amount you see listed on Kiva 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 according to this loan’s repayment schedule. For more information on lending in the Muslim world, please click here.

Loan details

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Loan details