Yasmeen is a 28 year old young woman. She is married and a mother to two sons and one daughter. Her husband is employed and gets a low salary, which is not enough to cover the family's needs.
Yasmeen's husband wants to buy a taxi and use it to take customers' requests. It will be another source of income to the family and help them to improve their living conditions.
Yasmeen wants to share with her husband in purchasing the taxi, so she is requesting a USD loan from FATEN. Taking this loan will enable Yasmeen's husband to have his own project, which will be a profitable one and will lead to improve their living conditions.
More information about this loan
The Startup loan is currently being offered by FATEN to recent university and vocational training center graduates whose business is in a startup phase and does not qualify for financing under regular business loan requirements. The risks inherent in lending to startup businesses are mitigated by the creation of a feasibility plan during the loan application process, additional required collateral and an owner's contribution of at least 25%.
About FATENPalestinians 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 FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.
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