Just like most Palestinians, Yassine didn't take the chance to finish his education, because his family's financial situation forced him and almost all of his family members to seek additional income. As a 12-year-old child, he started working and missed almost all of his teenage joy and experiences. He misses being a child, but this made him more challenged, to improve his living and to make sure he will have a better shining future.
Yassine applied for a Youth Loan from Kiva partner Al Majmoua to buy newly released plumbing tools. These will help him to do most of his work with good quality and in a short period of time. The good thing about his business is that he is not limited inside the camp; he can go and provide his service anywhere in Lebanon.
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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