Mohammad works as an employee in the public sector, where he gets a low income; this is the only source of income to the family. Mohammad would like to improve the family living conditions and buy all the needed stuff.
Mohammad took a USD Murabaha loan from FATEN to help him to buy a water purification machine for his home. By taking this loan, Mohammad will be able to provide pure water for his family, since the water in his area is not clean.
Mohammad appears in the photo.
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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