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Sep 30, 2016 2:22 EST

Egypt: Saber – A loan of $1,150 helps to buy some grocery products such as rice, oil, sugar and pasta and some toys.

iCrowdNewswire - Sep 30, 2016

Saber

Egypt
 
Minia, Egypt / Grocery Store
 
Borrower image
 

Saber’s story

Saber is 30, married to a housewife and has one son and one daughter. He has a small grocery store project that he started to provide a stable income for his family. He is requesting a loan to buy some grocery products such as rice, oil, sugar and pasta and some toys to expand his project and increase the family income. 

This loan is special because:

Young entrepreneurs will receive funding, finance and business coaching. 

Nadia Costanzo
Kiva staff 

More about this loan

This loan is administered by Together Association for Development and Environment, a nonprofit organization working for sustainable community development in Upper Egypt. This loan is part of Together Association’s program supporting young entrepreneurs. With this group loan, these borrowers will receive funding, financial and business coaching.

About Together Association for Development and Environment (TADE):

Together Association for Development and Environment (TADE) is an Egyptian NGO focusing on economic development in rural communities in Egypt, and is Kiva’s first partner in Egypt.

Due to political unrest and insecurity, socioeconomic conditions in Egypt continue to deteriorate: the unemployment rate among youth has reached 39% and rural-urban income disparities are widening. TADE provides group loans to female entrepreneurs and individual loans to youth to support microenterprises, agriculture and livestock businesses.

A loan of $1,150 helps to buy some grocery products such as rice, oil, sugar and pasta and some toys.

Contact Information:

Saber

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