Thoraya is a 25-year-old, married woman from Rafah city. She lives with her husband and two kids; a son and a daughter in a small simple house in the city. Thoraya's husband works as an employee in the public sector where he gets a low income. This is the only source of income for the family. Thoraya and her husband would like to improve the family living conditions and all necessities.
Thoraya took a USD Murabaha loan from FATEN. This loan will help her to buy a water purification machine for her home. By taking this loan, Thoraya will be able to provide pure water for her family since the water in her area is not clean.
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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