A loan of $1,200 helped to buy paint to paint the house.


Mahmoud's story

Mahmoud is a 43-year-old married man and a father to one son. Mahmoud and his wife are both employed and get low salaries, which are not enough to cover the family's needs. Mahmoud wants to improve his house's condition by making some renovations, but the amount of money he has isn't enough to cover all these costs, so he is requesting a USD Murabaha loan from FATEN to help him cover the cost of purchasing paints and necessary materials and hiring workers to paint the house. This has allowed Mahmoud to live in better home conditions together with his family. Mahmoud appears in the picture. 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