Faten is a 30-year-old divorced woman with 4 children. She wanted to do something to improve her income and fulfill her children's needs. She has good experience sewing clothes and she had worked at many workshops, so she decided to launch her project in this field. Faten has started a business sewing women’s clothes, and she hopes that it becomes successful.
Faten is asking Ryada for this startup loan to buy sewing tools like fabric, threads, and a sewing machine. She is very grateful to everyone who helps her to achieve success.
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 businesses 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.