Shaker wants to start his new project, which is a store for fun games from internet games to pool. Shaker is requesting a USD loan from FATEN to help him cover the cost of repairing the store such as painting, installing tiles and appropriate lighting, and also purchasing one pool table. Taking this loan will enable Shaker to prepare well for starting his business, which will be profitable and the only source of income to him, so he could offer better living conditions to his family.
Shaker is photographed next to his store.
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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