Leena is a 23-year-old young woman. She is married and a mother to one son. Her husband is a nurse at a local Palestinian hospital. He gets a low salary which is not enough to cover the family's needs, so he wants to expand the scope of his work and start nursing to his patients at home.
Leena wants to share with her husband the expenses to start his new project in order to improve the family's income, which will create better living conditions for Leena and her family, so she is requesting a 3,000 USD youth loan from FATEN to help her husband cover the costs of purchasing needed medical equipment to start his project.
This will offer another source of income to Leena's family, which will enable them to live in better conditions.
More information about this loan
The Startup loan is currently being offered by FATEN to recent university and vocational training center graduates whose business is in a startup phase and does not qualify for financing under regular business loan requirements. The risks inherent in lending to startup businesses are mitigated by the creation of a feasibility plan during the loan application process, additional required collateral and an owner's contribution of at least 25%.
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