All of Maher's businesses are very important to his family's living, and he works herd to develop them as much as he can. Maher has been an Al Majmoua Kiva partner borrower for six cycles. All his previous loans were invested properly in his businesses, and at the same time he was a good standing borrower.
To increase his business merchandise with necessary summer beverages, Maher applied for a Youth loan from Kiva partner Al Majmoua, and he is very excited to get it because he has made many plans to expand this sector as much as he can. He hopes to expand and develop his three sectors in a well managed way, and to request employees to help in supporting these businesses expansions.
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