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Al Sayyed Youssef
Al Sayyed Youssef is 25-year-old single man who has been working in car body repairs since 2007. He has good experience in his field, and develops his skills most of the time to please his customers as much as he can, in order to expand his business and increase his income.
Al Sayyed Youssef applied for a YOUTH LOAN from Kiva's partner Al Majmoua for the second time, in order to buy broken cars' hardware to use in fixing almost all of the cars that he works on, in a professional way. He loves to manage his own business and monitor how it's developing, and hopes to develop it more and more to cover almost all of his customers' needs.
He wishes to open a big car services provider in the future which is a dream he hopes can come true.

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

  • $5,900
    Average annual income
  • 95
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Al Sayyed Youssef to buy broken cars' hardware for his car repairs business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013