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Abass is 22-year-old single man who previously worked as a barber. A year ago, he opened up a convenience store, mainly selling detergents and disposable plastics for household use. Since he started, he has built a good reputation in his neighborhood due to his courtesy and competitive prices.

Abass is applying for a youth loan from Kiva’s partner, Al Majmoua, to increase his shop's inventory. With this, he will be able to accommodate the increasing demands of his customers and further expand his business. Abass is optimistic about his business' future and is positive that with hard work, he can achieve his goals.

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

  • $15,800
    Average annual income
  • 118
    View loans »
    Lebanon Loans Fundraising
  • $17,414,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Abass to increase his inventory for his shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 19, 2012
Jul 9, 2012
Currency Exchange Loss:
Jun 17, 2013