A loan of $1,275 helped to purchase a refrigerator for his home.

Ahmad's story

Ahmad is a young Palestinian man. He is married and a father to four sons. He is employed and gets a low salary, which is not enough to cover all of his family's needs.

Ahmad lives with his family in Rafah city in a small and modest house. He is looking to improve his family's living conditions by purchasing necessary home appliances.

Ahmad is requesting a USD Murabaha loan from FATEN to help him cover the cost of purchasing a new refrigerator for his house. This will offer Ahmad and his family one of the necessary home appliances that will create better conditions at home.

This is Ahmad in the photograph.

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