Hiba is a 23-year-old single woman from a small village near Ramallah. She lives with her family. Hiba and her brother would like to open a small chicken farm to sell meat. It is a profitable project.
Hiba took a USD loan from FATEN. This loan will help her to start her own project by buying all the necessary tools and feed for the chicken farm. This project will earn a good income and improve the family's living conditions.
Hiba and her brother dream to take a bigger loan in the future and expand their farm.
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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Success!! The loan was 100% repaid