Total loan: $3,000
Ramallah, , Palestine / Services
Flag of Palestine
Zaid's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy tables and computers so he can open his own internet cafe business.
Zaid, who is 24 years old, is from Ramallah. He has been working in a shop where he sells mobile phones for the past six years. He asked Ryada for this youth loan in order to buy tables and computers so he can open his own internet cafe business. Zaid hopes that this loan will help him improve his income and provide his wife with a better life. 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 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.