Hashem is 25 years old, and from Gaza. He is married and has one child.
He asked Ryada for this start-up loan, in order to start his business and have his own barber shop, after having gained five years' experience in the same field, working for someone else. Hashem will use the loan, specifically, to buy furniture and develop the space of the shop. His ambition is to have the biggest barber shop in the area, and to provide his family with a better life and his child with the best education.
Ryada's Start-up Loan is exclusively for borrowers who are beginning new enterprises, not for existing projects. To qualify, a borrower must show a clear business plan and realistic potential for success. The borrower must also invest their own money and resources into at least 50 percent of the start-up enterprise. Ryada believes strongly in the potential of these borrowers and grants them a three-month grace period, to help them get their business off the ground.
About Vitas Palestine
Palestinians 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 Vitas Palestine are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.