In 2006, Mahmoud opened his own espresso selling shop in the Palestinian Camp where he lives as it is hard to find employment. He is working on improving and expanding his shop as much as he can through a Youth Loan from Al Majmoua, which he will use to add more tables and chairs for more customers and new sandwiches and beverages to his menu.
All of these improvements will reflect positively on both his social and financial situations. Mahmoud hopes that one day he will be financially capable of opening a big restaurant outside the camp to receive tourists and foreigners, in addition to his local loyal customers.
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