A loan of $1,275 helped to buy a new refrigerator and washing machine.

Wafa's story

Wafa is a conservative person who prefers not to have her photo published online, so her brother appears in her Kiva profile photo next to the refrigerator Wafa bought.

Wafa is a married woman from Rafah city and a mother of four children. Wafa and her husband work full time jobs to cover the family's needs, but the income is still not enough.

Wafa is requesting a Murabaha loan from FATEN to help her cover the costs of purchasing a new refrigerator and washing machine. This will allow her to improve the living conditions for her family.

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