Eman is a 24-year-old single young woman from Rafah city. She lives with her family in a small simple house. Her father is a construction worker with a low and non-stable income. This is the only source of income for the family. Eman is a student in a local university where she studies physical education. She would like to finish her studies and find a job as a teacher to help her family with part of their expenses.
Eman took a USD loan from FATEN. This loan will help her to buy a new laptop for her studies. By taking this loan, Eman will be able to do her homework and reports easily.
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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