Mohamad is well known in his region and most of his customers are friends and relatives in addition to passers-by, since his shop in a very popular neighborhood.
Mohamad is improving his business in many different ways and as much as he can, so that it will be good enough to provide a good income for a good living.
That's why he applied for a Youth loan from Kiva partner Al Majmoua, in order to buy spare parts that are highly requested in his business.
Mohamad hopes to expand his business in the future and to open the wider workshop he is dreaming of having.
More information about this loan
This loan is helping support a borrower who is under age 30. 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.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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