Funded

Total loan: $2,500
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Hashem

Palestine
gaza, Palestine / Barber Shop

A loan of $2,500 helped to buy furniture, in order to open his own barber shop.


Hashem's story

Hashem is 25 years old, and from Gaza. He is married and has one child.

He asked Ryada for this start-up loan, in order to start his business and have his own barber shop, after having gained five years' experience in the same field, working for someone else. Hashem will use the loan, specifically, to buy furniture and develop the space of the shop. His ambition is to have the biggest barber shop in the area, and to provide his family with a better life and his child with the best education.

Ryada's Start-up 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 start-up 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:

42 months
Disbursed date: March 27, 2013
Facilitated by Field Partner: Vitas Palestine

Lenders and lending teams



Loan details

Loan length:

42 months
Disbursed date: March 27, 2013
Facilitated by Field Partner: Vitas Palestine