Walaa is a 22-year-old married woman. She lives in a simple house with her husband and two young daughters in a small neighborhood in Jabalia. Walaa's husband works in a barber shop he owns and this is the only source of income for the family.
Walaa is still a university student. She studies social service so she will work in any school as a social worker and help her husband with part of the family expenses.
Walaa took a Murabaha Loan from FATEN. This loan will help her to buy a new laptop for her studies. She will be able to do her homework and reports very easily.
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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