Saher is 24 years old and lives in one of the villages of Ramallah. He asked Ryada for this start-up loan in order to buy computers and Play Stations for his new internet cafe. He hopes that after opening this project, he will have a good income and improve his financial situation. His ambition is to own a big internet cafe in the area.
Ryada's Start-up Loan is exclusively for borrowers who are beginning new enterprises, not for existing projects. To qualify, a borrower must show a clear business plan and realistic potential for success. The borrower must also invest their own money and resources into at least 50 percent of the start-up enterprise. Ryada believes strongly in the potential of these borrowers and grants them a three-month grace period to help them get their business off the ground.
About Vitas Palestine
Palestinians 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 Vitas Palestine are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.