Al Sayyed Youssef
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.
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.
95View loans »
Success!! The loan was 100% repaid