Mohammad wants to have his own project to install solar cells, but the amount of money he has isn't enough to cover all the costs, so he is requesting a USD loan from FATEN to cover the cost of purchasing quantities of solar cells ready for installation.
Taking this loan will offer Mohammad the opportunity to begin his own project, which will ensure him stable work and a bright future.
Mohammad's photo is next to the solar cells.
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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