A loan of $2,525 helped to purchase bedroom furniture for her children.

Fekrieh's story

Fekrieh is 53 years old and a mother of three sons and one daughter. Her husband is a municipality employee who gets a low salary but enough to cover the family's costs. Fekrieh is requesting a loan from FATEN to help cover her costs for purchasing new bedroom furniture for her children. This will offer better living conditions to her family members. Fekrieh is photographed in a FATEN branch.

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.

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