Hiba is a 25 year old married woman from Jabalia city. She lives with her husband and two kids, one son and one daughter, in a very simple house. Her husband is a worker in a local firm with a low income. His is the only source of income for the family. Hiba and her husband would like to improve the family's living conditions by buying all the needed items.
Hiba has taken a 1900 USD loan from FATEN. This loan will help her to buy a solar system for heating water. By taking this loan, Hiba will provide her family with hot water, especially in the winter.
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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