Iman is a 24-year-old married woman from Beit Hanoun near Jabalia. She lives in a humble house with her husband and three young children; two boys and one daughter. Iman's husband works as an employee in the public sector and gets a low income. This income barely covers the family needs and necessary expenses. Iman's husband works also on a taxi in the evening so he will have another source of income.
Iman took a USD loan from FATEN. This loan will help Iman's husband to do the yearly maintenance for his taxi. This will help him with part of the urgent expenses he has. This will allow him to work extra hours especially in the area where he lives which is very crowded.
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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