Lamia is a 22-year-old married young woman. She is a housewife and lives with her husband in simple living conditions. Lamia's husband wants to start a new project which is a store for selling computers, so Lamia wants to work with her husband to cover some necessary costs to enhance the project. Lamia is requesting a 3,000 USD startup loan from FATEN to help her husband cover the cost of purchasing computers to sell. Taking this loan will enable Lamia's husband to start his project successfully and attract customers to buy, which will increase their income and offer them better living conditions.
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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