Aa'yad is 36 years old from Gaza, and lives with her brother in the family house. She asked Ryada for this start-up loan in order to open her own grocery store and to buy food and goods and to install shelves for her first project. She hopes that this loan will help her improve her income and be able to approach her dream of having her own house.
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 his or her 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.