Haneen is a 29-year-old married woman from Jabalia city. She is a mother to two sons and one daughter. Her husband works as a lawyer in his small office, which has been open for three years. It is a good business and earns a good income. Haneen and her husband would like to improve the law office by buying all the needed stuff.
Haneen took a USD loan from FATEN. This loan will help her husband to buy new copier and printer machines for his office. By taking this loan, Haneen's husband will work on the cases and problems in an easier way.
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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