Shaden is a 20-year-old married woman from Jabalia. Her husband was wounded from the last war in Gaza and he gets monthly financial help from the government because he can't work.
Shaden would like to buy a new laptop for her personal use so she took out a USD Murabaha loan from FATEN. This loan will help her to buy a new laptop so she can read and see all the different subjects on the Internet.
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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