Najla is a 41-year-old married woman from Rafah city. She lives with her husband and eight kids, two sons and six daughters, in a small house in the city. Her husband works as an employee with a low income. For the past three years, Najla's husband has been working in a store where he rents sound devices for use at parties and events. It is a good business and earns a good income. Najla and her husband would like to improve and expand the business.
Therefore, Najla took a loan from FATEN. This loan will help her and her husband to buy a new sound system for their store. This will increase their income
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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