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Hassan
Hassan is a 22-year-old single man who works in the power supply/generators business. He was very young when he started working to help his parents financially. He bought his own generator and started providing electricity to villagers. Hassan is well known in the region for his hard work and good reputation. He works hard to develop himself and his business. Electricity is a major problem in Lebanon, with no hints that it will end. Hassan applied for a Youth Loan in order to make necessary maintenance to his power supply cables. He wants to keep his customers satisfied with the best quality of electricity he can provide. Hassan hopes to expand his business through increasing his generators to cover nearby villages.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Hassan to make necessary maintenance to his power supply cables.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 25, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013