Manal is a 37-year-old woman from Gaza. She is married and has seven children. She asked Ryada for this start-up loan in order to start her own embroidery business and buy a sewing machine and an electricity generator.
Manal has five years of embroidery experience. She hopes that this loan will help her to improve her family's income to approach her dreams of having their own house and providing her children 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.