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Sep 8, 2016 8:22 AM ET

Archived: Palestine: Gorge – A loan of $3,000 helps to buy new machines for his work.

iCrowdNewswire - Sep 8, 2016


Borrower image

Gorge’s story

Gorge is 24 years old and from the holy city of Bethlehem in West Bank. He has one child.Bethlehem is a tourist city where many tourists visit. For this reason, Gorge opened a shop for the manufacture of wood. He is making wooden sculptures that attract the tourists to buy. He is taking a USD loan from Palestine for Credit and Development (FATEN) to buy new machines for his work. He hope you will fund his loan, support that type of work, and enable him to increase his income and enhance his economic situation.Gorge appears in the photo.

This loan is special because:

It’s for recent graduates who are eager to start their careers.

Lev Plaves
Kiva staff

More 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 Palestine for Credit & Development (FATEN):

Palestinians face unique challenges due to the economic and political environment in the West Bank and Gaza. Click here to learn moreabout how Kiva and FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.

A loan of $3,000 helps to buy new machines for his work.

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