For the past two years, Mohammad has operated a small restaurant (pictured), where he offers light meals and sandwiches, as well as soft and hot drinks, to his customers. He explains that the restaurant has been a profitable project, but that he needs more financial support to cover the costs.
As a result, Mohammad is requesting a loan in the amount of $800 from FATEN to cover the costs of purchasing necessary supplies for the restaurant (such as plates, cups, and spoons) in addition to soft drinks. He expects that the loan will help to improve the restaurant and to attract more customers to the restaurant, which would in turn increase Mohammad's income and enable him to improve his living conditions.
More information about this loan
This loan is helping support a borrower who is 35 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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