Jihad is smart and talented. He was only 11 years old when he started working, to help his parents financially. Education is very important to him, especially since he wasn't able to finish his education. He only finished his elementary studies.
Jihad is applying for a youth loan from Kiva's partner Al Majmoua in order to open a new branch in Tyre, which will increase his income and attract new customers from other nearby regions. This is Jihad's second loan from Al Majmoua; he has a good history of repaying loans. He works hard to expand his business and support his family.
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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