Hana is a 55-year-old, married woman from Gaza city. She is a mother of two sons and one daughter. Hana lives with her husband and children in a very simple house in the city. For the past seven years, Hana and her husband have been raising chickens in order to sell their meat in their store. It is a profitable project but needs more money to be improved.
Hana took a USD Murabha loan from FATEN. This loan will help Hana and her husband to buy more chickens and feed to develop the family business. This will increase the productivity and increase their income.
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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Success!! The loan was 100% repaid