Ola is a 20-year-old married woman from Dier Al-Balah. She is a mother of two small sons. Ola's hsuband works as an employee with a very low income. For the past two years, Ola's husband has been working in a barber shop that he owns. It is a good project and he has a good experience.
Ola took a loan from FATEN. This loan will help her husband to develop his barber shop by buying new tools and beauty products he often uses in his work. This will improve her barber shop and the family income will increase
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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