A loan of $2,150 helped to buy home appliances.


Shadi's story

Shadi is a 28-year-old single man form Khan Younis. He works as an employee with a low wage. He would like to complete his new home and be ready to get married. So he would like to buy some appliances like a refrigerator, washing machine and air conditioner. Shadi is requesting a $2150 Murabaha loan from FATEN to help him cover the cost of purchasing these new home appliances. Taking this loan will help Shadi to acquire all the necessary items for him and his future wife. Shadi appears in the photo in a home appliance store. FATEN offers loans that are customized for Muslim borrowers. A key principle of Islam is the prohibition of charging interest on a loan. This prohibition is based on the belief that money is only a medium of exchange and has no value in itself. In order to offer loans in a manner that is consistent with borrowers' values, FATEN charges 0% interest on this loan. However, FATEN does charge a servicing fee to cover its costs. The loan amount you see listed on Kiva 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 according to this loan’s repayment schedule.



Loan details


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Loan details