Elena lives in Biet Lahia district near to Jabalia Refugee Camp. Elena and her husband are planning to have their own project: to purchase a taxi to transport passengers from one area to another. Elena and her husband have an amount of money which is not enough to cover all the costs. So she is requesting a USD loan from FATEN to help her, and her husband, complete the purchase of the taxi that her husband will drive. This will offer Elena's husband a stable project and create a profitable income source, which will improve the family's income positively.
Elena is photographed next to the taxi.
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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