Deeb has a stall for selling clothes in the city. It is a good business, but seasonal. He buys his products from the wholesalers and resells them. Deeb would like to expand his business and open in a store in the future.
Deeb took a USD Murabha loan from FATEN. This loan will help him to buy a new collection of clothes to sell.
By taking this loan, he will be able to increase his sales, and also his income.
Deeb appears in the photo.
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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