Imad Eddin is 41 years old from Gaza. He is married and has 5 children, four of whom attend school. He asked Ryada for this loan in order to start up and open an electronic repair and maintenance shop by buying an electricity generator, installing shelves and painting the shop. This loan will help him display more electronics and thus improve his income to provide his children with the best education he can offer them.
Ryada's Startup 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 startup 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.