Mohammad is 18 years old and from Gaza. He has asked Ryada for this start-up loan in order to start his own new business, a shop in which he sells cosmetics and perfumes to women. He hopes this loan will help him start his project, which will provide him with a good income to build his future.
Ryada's Startup 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.