Her husband is past the age of 64, so she decided to manage his car repair business that he has owned for many years. She handles tasks such as the business expenses, returns, appointments etc. Her husband assists her with the work.
Even though they are content, they suffer from a bad financial situation so Mariam's requesting a youth loan from Kiva Partner Ameen s.a.l. She is requesting this loan in order to improve their business by purchasing mechanic tools. She anticipates that by purchasing these tools her income will increase by a minimum of 20%.
She works all the time because she is responsible for paying study fees for her children. In the near future, Mariam needs a break from the business and some rest so she has to act fast to get the business in good shape, so that she can allow her son to handle the business, and maybe hire new employees.
More information about this loan
This loan is helping support a borrower who is 30 or under. 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.
Important InformationDue to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.
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Success!! The loan was 100% repaid