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Abbass is a 30-year-old single man who is planning to get married soon. He has been working as a blacksmith since twelve years ago with a special talent.

Abbass applied for a YOUTH LOAN from Kiva's partner, Al Majmoua, in order to buy a wash basin for his newly built house.

His business is improving a lot because of the good quality of products he produces and the special service he provides. Most of his customers are neighbors and friends who recommend him to others.

Abbass is planning to buy his own working place in the future, instead of the present rented one.

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
  • 128
    View loans »
    Lebanon Loans Fundraising
  • $16,640,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Abbass to buy a wash basin for his new house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 24, 2012
Currency Exchange Loss:
Oct 17, 2013