A loan of $2,525 helped to buy a refrigerator and washing machine for home use.

Abdelkareem's story

Abdekareem is a 35-year-old married man and a father to one son and two daughters. Abdelkareem is a municipal employee who earns a low salary, which is not enough to cover all the family's needs.

Abdelkareem is requesting a USD Murabaha loan from FATEN to cover the cost of purchasing a refrigerator and washing machine for his house. This loan will enable Abdelkareem to improve his family's living conditions to be better. Abdelkareem 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