The family has a grocery store where Ahmad works. It is a good business, and demand for consumable products is high.
Ahmad is seeking for a loan from FATEN; this loan will help buy a new refrigerator for the grocery store.
By taking this loan, Ahmad will be able to increase the inventory in his store, and also his sales. Ahmad appears in the photo in his grocery store.
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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