Asasah Offers Islamic Loans

Asasah, a field partner in Pakistan, has been working on developing Islamic loans for quite a while now. They currently offer murahaba loans, as well as Qard Hassanah (straight-up interest free) loans exclusively to Kiva. Timothy Payne from Kiva writes (in two emails):

Hello Ashiq,

Thanks so much for your patience. Our Field Support Specialist has informed me that Asasah has a second loan theme called Qard Hassan. He does believe that the loan products posted to Kiva all use Islamic financing. I hope this helps!

You can verify in the loan itself; it will mention “qard hassanah” or it will mention “murabaha” somewhere in the description of the loan (under Additional Information).

Accordingly, our RSS feed now pulls all loans from Asasah into the mix.

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