A loan of $2,400 helped to purchase a refrigerator and an oven for his home.

Adham's story

Adham, who appears in the picture, is a 25-year-old, married man. He is a father to one son. Adham is employed and gets a small salary which is not enough to cover his family's needs.

Adham is requesting a USD Murabaha loan from Palestine for Credit & Development (FATEN) to cover the cost of purchasing a refrigerator and an oven for his house. Taking this loan will facilitate Adham's family's living conditions in their house.

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 in 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