Ahmad also works in his rickshaw where he buys groceries and food and resells them to the supermarkets in his area. It is a good business and it covers part of the family expenses.
Ahmad took a USD Murabaha loan from FATEN. This loan will help him buy more food and grocery products and resell them at the local market. This will increase his sales and income.
Ahmad appears in the photo.
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