Abdullah is 22 years old from Gaza, and he is married. Abdullah wishes to open his own mini market.
He asked Ryada for this start up loan in order to buy the necessary goods and food to sell, and do some decorations for his mini market. Abdullah hopes that this loan will help him improve his income and thus his financial situation.
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.