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Jul 22, 2016 8:20 EST

Palestine: A loan of $2,500 helps Atallah to buy new equipment and improve his olive wood factory shop.

iCrowdNewswire - Jul 22, 2016

Atallah

 
Bethlehem, Palestine / Manufacturing
 
Borrower image

Atallah’s story

Atallah is 40 years old and married with one child who is currently attending school. He lives in Bethlehem city. He works alone in his shop. He has been in his business for ten years and he manufactures and sells products.

Atallah says that the two main challenges for his business are limited liquidity and selling on credit to local customers. He requested the loan to buy new equipment and to make improvements to his shop, such as tiling and painting. He says that the extra income from this loan will help him improve his family’s status. In the future, Atallah would like to expand his shop. 

This loan is special because:

It targets youth in a region where young people often are unable to find jobs. 

Lev Plaves
Kiva staff 

More about this loan

This loan is helping support a borrower who is 35 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

About ACAD for Finance and Development:

The Arab Center for Agricultural Development (ACAD) is a microfinance organization operating in Ramallah, Palestine. Founded in 1993, it provides micro-loans, small loans, and agriculture loans and more to poor and low-income Palestinian entrepreneurs. ACAD focuses on several areas of development including offering credit, fostering community and building cooperatives.

Kiva lenders’ funds are used to help ACAD serve more people in remote areas, especially farmers working in agricultural cooperatives. Additionally, these funds enable ACAD to offer loans at lower interest rates to ensure that even the poorest Palestinians have access to affordable credit.

A loan of $2,500 helps to buy new equipment and improve his olive wood factory shop.

Contact Information:

Atallah

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