Rajaa is a 35-year-old married woman from Rafah city. She lives with her husband and 6 children, 4 sons and 2 daughters, in a small, simple house. Rajaa and her husband are employees in the public sector where they earn a low income. They also have an agricultural land where they plant seasonal fruits and vegetables. They would like to improve their projects and expand it.
Rajaa took a USD Murabaha loan from FATEN. This loan will help her and her husband to buy fertilizer for their land. By taking this loan, Rajaa and her husband will be able to improve their farm.
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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