A loan of $1,450 helped to buy window frames for his house.

Mohammad's story

Mohammad is a 32-year-old married man who lives in Gaza City with his wife. Mohammad gets a low salary from his job. This salary does not cover all the family's needs. Mohammad would like to buy window frames for the family home.

Mohammad took a Murabaha loan from FATEN. This loan will help him to improve his living conditions.

Mohammad appears in the photo.

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