Samaher is a 32-year-old married woman from Jabalia city; she lives with her husband and seven children: four sons and three daughters.
For the past three years, Samaher's husband has been working in a carpentry shop he owns. He makes furniture, and sells it to the local traders. Samaher's husband would like to improve his business.
Samaher took a USD loan from FATEN. This loan will help her husband buy a new machine for his carpentry workshop. This machine will improve his product quality, and his sales will increase.
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