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Youssef
Youssef is a 60-year-old married man who has worked as a taxi driver for the past 30 years. He is a hard-working man who does his best for his family's living. Working as a taxi driver for this long period hasn't been easy, but he has to keep on because it is his only source of income.

To increase his business and income, Youssef is intending to buy a van through a loan for which he has applied for this reason from Kiva partner, Al Majmoua, in order to start a new business. He will start transporting students from/to school which is a good source of income, since he has people's trust in most of the region in which he lives. Youssef hopes to expand his business and employ a few employees to help him in the future.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $15,800
    Average annual income
  • 31
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Youssef to buy a van to transport school students.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 27, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012