Karam is a single 19 year-old young man. For the past 8 months he has been operating a car wash located next to the main street where there is good traffic. This has been a profitable project and the only source of income for him.
Karam is requesting a 2,000 USD youth loan from FATEN to help him cover the costs of purchasing car accessories and to make some improvements to the car wash by expanding its space. This will attract more customers and increase the laundry's capacity to wash more cars. This will increase his income.
More information about this loan
This loan is helping support a borrower who is 35 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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