Saddam is 22 years-old from Gaza. He is married and lives with his wife and a baby girl.
He asked Kiva partner Ryada for this start-up loan in order to buy shelves, refrigerators, an electrical generator, and a glass door for his new grocery store.
He hopes that this will increase the goods diplayed and thus improve his income.
Ryada's Startup Loan is exclusively for borrowers who are beginning new enterprises and 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.