Although he has a degree in accounting, Mohamad started his business because he encountered obstacles to finding employment due to his nationality. This was a big problem for him and so he set up his own business which he aims to expand so that he can achieve his goals and bring happiness to his family.
Mohamad is taking his first step towards expanding his business through applying for his first Youth loan from KIva partner Al Majmoua. He wants to take advantage of special offers to increase his stock of soft drinks, candies and detergents.
This loan will help a lot in to increase his net profits and his income through attracting new customers because of his special and attractive prices.
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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Success!! The loan was 100% repaid