Nawal is a 42-year-old woman. She is married and mother to two sons and four daughters. Her husband is a worker across the border, and her elder son is preparing to open a store of Internet games.
Nawal's son wants to ensure a stable source of income, so he will improve the family's income positively.
Nawal wants to help her son, so she is requesting a USD loan from FATEN to cover the cost of purchasing number of computers. Taking this loan will enable Nawal to participate with her son in preparing well for the opening of his project successfully, which will lead to improving the family's income for the better.
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