Hajar is a 34-year-old married woman from Deir El Balah city in the Gaza Strip, Palestine. She lives with her husband and six kids (four sons and two daughters) in a small and simple house. Hajar's husband works as an employee in the public sector with a low income. This income barely covers the family's needs, and he would like to work extra hours to improve the family's living conditions.
Hajar took a loan from FATEN, Kiva's field partner, to help her husband buy a new rickshaw to work on, providing rides and transportation to customers. By taking this loan, Hajar's husband can increase his income and also improve the family's living conditions.
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