Funded

Total loan: $3,000
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Mohammad

Palestine
gaza, Palestine / Carpentry

A loan of $3,000 helped to start up his own carpentry business and to buy tools, such as a cutting machine for his new projects.


Mohammad's story

Mohammad is 21-years-old from Gaza. He is a carpenter and has three years experience working as an employee in carpentry. He asked Ryada for a start-up loan in order to start-up his own carpentry business and to buy tools, such as a cutting machine for his new projects. He hopes that this loan will help him start his own business and provide him with a sustainable income.

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.



Loan details

Loan length:

38 months
Disbursed date: March 12, 2013
Facilitated by Field Partner: Vitas Palestine

Lenders and lending teams



Loan details

Loan length:

38 months
Disbursed date: March 12, 2013
Facilitated by Field Partner: Vitas Palestine