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Hassan
Hassan is a 19-year-old single man, who has worked in agriculture for four years. Hassan was only fifteen years old when he started working. Today he owns a tractor which he uses to plow his land and others, in addition to irrigating most of the land in his village. Hassan also distributes water to the houses of people who live in his village, because most of the time they lack water.

Hassan applied for a youth loan from Kiva partner, Al Majmoua, in order to do the necessary the maintenence on his tractor. This is Hassan's second cycle as an Al Majmoua borrower. His previous loan helped a lot in improving his business and social situation, and he also started building his future house with the additional income he got.

Today his loan will be invested in doing the necessary maintenance to his tractor, and he will surely continue building his house as much as he can.
Hassan hopes to keep on expanding both businesses as much as he can in the future.

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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hassan to do the necessary maintenence on his tractor.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jun 27, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013