Funded

Total loan: $1,275
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Yehia

Palestine
Jabalia, Gaza, Palestine / Wedding Expenses

A loan of $1,275 helped to purchase new bedroom furniture.


Yehia's story

Yehia who appears in the photo, is a 26-year-old engaged young man, he is employed and earns small salary that is not much enough to cover all his wedding expenses. Yehia prepares to get marry soon in this Summer, he has amount of money but not enough to cover all his necessary wedding expenses, so he is requesting a USD Murabaha loan from FATEN to cover the cost of purchasing new bedroom furniture. Taking this loan will offer to Yehia comfortable furniture so he can enjoy living in his house with his coming wife. 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

Loan length:

27 months
Disbursed date: April 22, 2013
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: April 22, 2013
Facilitated by Field Partner: Palestine for Credit & Development (FATEN)