Haya is a 21-year-old married woman from a small village called Beta near Nablus city. Haya always dreamed of having a bridal dress shop. and maybe in the future opening a huge bridal center in the city. Haya and her brother started to work on this idea so they rented a small store in the city center.
Haya took out a USD loan from FATEN. This loan will help her to buy a collection of Imported dresses, either to sell or to rent out. This is a very profitable project especially in the summer because the number of wedding parties increases. This project will improve living conditions for Haya and her family.
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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