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Jad
Jad is 22-years old and single. He is a car's electrician in Jib Jennine, which he has been doing for six years. In 2009,.he opened his own garage.

Jad is requesting a youth loan from Al Majmoua, which he will use to buy a pick up truck needed for his business. He will use it to transport hardware, spare parts, and other necessary equipment and machines.

Jad did not finish his Intermediate education, because of his parents' financial situation. He wished he had, but he hopes to develop his business to prevent his future children from experiencing his difficult childhood. Jad hopes to develop his shop and start selling car accessories in the future.

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
  • 83
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jad to purchase a pick up truck.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013