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Alaa
Alaa is a 20-year-old Lebanese single man. He lives with his parents and two siblings, one who is working. They all depend on the father, who is the main source of income for them. Despite his young age, Alaa has opened his own car rental shop in 2009 and has the ambition to grow in this domain. He works on a free-lance basis. Today, he’s asking for a youth loan of $2,100 from Kiva partner Ameen s.a.l to purchase the needed tools to be able to perform the needed maintenance on the cars he rents. This will allow him continue his work in a proper way without facing problems. In the future, he plans to open his own car showroom.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 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. 

Important Information

Due to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.

About Lebanon

  • $5,900
    Average annual income
  • 77
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Alaa to purchase the needed tools to be able to perform the needed maintenance on the cars he rents.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2011
Listed
Jan 23, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 21, 2013