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The Shurush Initiative is thrilled to update our donors, friends, and colleagues on Shurush's inaugural microloan program, which is a partnership with the East Jerusalem YMCA. Following are details on the progress made by the first four clients in the EJYMCA/Shurush Rural Entrepreneurship Loan Program: Majed, a restaurateur and chef; Izz-Addin, a veterinarian; Mo'yyad, an aluminum worker; and Salim, an auto mechanic.
Name: Majed
Profession: Restaurateur and chef
Majed, pictured at right, received his $3,000 loan on October 23, 2004; he used this loan to purchase kitchen and cooking equipment and tools for his new restaurant. Majed opened his new restaurant to the public, which increased his income. Once his income increased, Majed was able to:
- Hire an assistant in the restaurant.
- Pay the three loan repayments that have been due to date.
Name: Izz-Addin
Profession: Veterinarian
Izz-Addin used his $3,000 loan, which was received on October 15, 2004, to purchase animal medicine and injections for his veterinary clinic. This allowed Izz-Addin to increase his income. With this higher income, Izz-Addin was able to:
- Hire an assistant in his veterinary clinic.
- Pay the three loan repayments that have been due to date.
(No photo available.)
Name: Mo'yyad
Profession: Aluminum worker
Mo’yyad, pictured at right, received his $3,000 loan on October 9, 2004; he used the loan to purchase raw materials for his aluminum workshop. Having these raw materials enabled Mo’yyad to expand his work and to proceed with several aluminum works bids. These successful bids increased Mo’yyad’s income. With a higher income, Mo’yyad was able to:
- Hire two additional part-time workers, bringing the total number of Mo’yyad’s employees to five.
- Enlarge his workshop by renting an available space adjacent to his workshop.
- Pay the three loan payments that were due to date.
Name: Salim
Profession: Auto mechanic
Salim, pictured at right, used his $2,000 loan, which was received on November 15, 2004, to establish a spare-parts section in his auto repair/auto care shop, thereby increasing his income. This increased income enabled him to:
- Hire an additional auto mechanic in his garage.
- Pay the two loan repayments that have been due to date.
A fifth client, Samer -- also an aluminum worker -- received his loan in February, as reported in the February issue of The Roots Report.
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In sum, here's how just under $15,000 in microloans is working for these Palestinian entrepreneurs:
EJYMCA/Shurush entrepreneurs: 5 +
Employees of EJYMCA/Shurush entrepreneurs: 8 =
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Total workers benefiting from EJYMCA/Shurush Rural Entrepreneurship Loan Program: 13
Majed in his new restaurant. Note the traditional Palestinian dress decorating the wall.
 Majed
in his new restaurant.
 Mo'yyad
in the new section of his workshop.
 One
of Mo'yyad's new employees working.
 Salim,
at right, in the entrance to his garage.
 Salim's
new employee, in the new spare-parts section.
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