Hasan is a 24-year-old man from Jabalia. A year and a half year ago he started a veterinary store selling medications, sprays, tools, treatment and all kinds of veterinary needs. Hasan went to school and earned a degree in this field which enables him to have a successful store selling and advising.
Hasan came to FATEN to take a loan and purchase the needed treatments and medications as he wants to expand the store and have more customers, Gaza has a good agriculture industry whether it was farming or growing plants and veterinary stores are very rare which gives Hasan a very good chance or prosperity.
Hasan appear in the picture here in his store.
FATEN offers loan products that are designed to serve borrowers all over Palestine, including some religiously conservative areas. A key tenet of Islam is the prohibition of interest in the lending or accepting of money. This prohibition is based on the belief that money should be seen only as a medium of exchange and that it has no value in itself. FATEN has adapted the terms of this loan to fit the cultural context by attaching a 0% interest rate to the loan. In order to cover its costs, FATEN does charge a servicing fee. The amount you see fundraising includes both the principal loan and the loan servicing fees. As with all Kiva loans, you should expect to have your funds returned to you in accordance with the repayment schedule attached to this loan. For more information on lending in the Muslim world, please visit Kiva's Muslim World Lending helptext: http://tinyurl.com/3aekx8m
Palestinians 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.