Reda is a 26-year-old married woman from Gaza City. She lives in a small home with her husband and one kid. Reda's husband works as an employee with a low salary. This salary is barely enough to cover the family needs. Reda and her husband would like to buy two new mobile devices.
Reda requested a USD Murabaha loan from FATEN. This loan will help them to buy two new mobile devices.
More information about this loan
This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, FATEN is charging 0% interest on this loan. This is a Murabaha loan, which means that FATEN purchases goods for borrowers and charges a fee or mark-up. Click here to learn more about this loan type and Kiva's approach to lending in the Islamic world.
About FATENPalestinians face unique challenges due to the economic and political environment in the West Bank and Gaza. Click here to learn more about how Kiva and FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.
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