Ghada is a 31-year-old mother of three sons and one daughter. For the past year, Ghada's husband has been selling fruits and vegetables on a small cart in the local market. This is the only source of income for the family. This income is not stable because fruits and vegetables are seasonal and sometimes have to be imported from outside Palestine.
Ghada took a USD Murabaha loan from FATEN. This loan will help her husband to buy more seasonal fruits and vegetables to resell in the local market.
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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This loan has been fully funded!