A loan of $1,525 helped to purchase wood for his carpentry business.


Azhar's story

Azhar is a conservative woman who prefers not to have her photo published online, so her husband appears in her Kiva profile photo, cutting wood for his carpentry business. Azhar is a 33-year-old mother of two sons and one daughter. Her husband earns only a low salary, which is not enough to cover the family's needs. For the past four years, he has been operating his business, which has been a profitable project but needs more financial support.

Azhar is requesting a loan from microfinance organization FATEN to help her husband cover the costs of purchasing more wood. This will increase the capacity of his business and enable her husband to take additional requests from customers, which will improve the family's income.

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


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Loan details