A loan of $2,525 helped to purchase a new motor for the taxi.

Abdullah's story

Abdullah is a 23-year-old man. For three years, he has had a taxi and has been a taxi driver, which has been a profitable project, but needs more support to cover the costs.

Abdullah is requesting a USD youth loan from FATEN to help him cover the costs of purchasing a new motor for the taxi. This will increase the taxi's efficiency, enabling Abdullah to work extra hours and improve his income to ensure a better future for himself. Abdullah is pictured next to his taxi.

About Shariah-compliant lending:
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