Asmaa is a 37-year-old married woman from Jabalia city. She is a mother of two sons, and two daughters. For the past three years, Asmaa and her husband opened a small farm where they raise sheep. It is a good project and earns a good income, but still needs some development.
Asmaa took a USD loan from FATEN. This loan will help her and her husband to buy more sheep for their farm. By taking this loan, Asmaa and her husband will be able to develop their farm, and also the family 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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