Hanaa is 22 years old from Gaza. She is married and lives with her husband's big family.
She asked Ryada for this start-up loan loan in order to help her open a beauty salon. She needs to buy dyes, make-up, hair dryers, and other needed tools for the salon. She hopes that this loan will help her start a good business and thus improve her income, allowing her to move to another house with her husband and children.
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.