Hiba is a 23-year-old married woman from the city of Jabalia. She lives with her husband and young daughter in a small house in the city. Hiba's husband works as an employee in the public sector with a very low income. One year ago, Hiba and her husband decided to open a small store for computer accessories in the city. It is a good business and helps pay part of the family's expenses.
Hiba took a USD Murabaha loan from FATEN. This loan will help her husband to buy a collection of computer accessories to resell. By taking this loan, Hiba can help her husband to increase his sales and also his 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