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Salam
Salam is a 29-year-old single young man who has been in the fruits and vegetable retail business for 10 years now. His father, Khalil, started the family grocery store 35 years ago and since then it has developed its great reputation and customer base.

Salam is applying for a youth loan from Kiva’s Partner, Al Majmoua, and he will use the money to repair and revamp his pick-up truck, since it helps him in transporting the goods from the wholesale market to his shop with less fees, this decrease in expenses, helps a lot in increasing his income. Salam also might use his truck to transport goods for others with special competitive prices. The loan is crucial to Salam as it will allow him to reorganize his business, save time and costs and work more efficiently.

Additional Information

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 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

  • $5,900
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • 1,507.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Salam to repair and revamp his pick-up truck.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 26, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014