Hasan is working on improving his business, so he has applied for a youth loan from Kiva's partner Al Majmoua in order to buy a vehicle necessary for his business--in order to transport his production to a wider zone and expand his market.
Hasan inherited this business from his father--due to the lack of employment opportunities in the region, he found himself stuck in it. For this reason, he is working hard on improving, developing and expanding it as much as he can to make it suitable for fulfilling his dreams. He is planning to buy water pumps to start agricultural irrigating programs in the future that will expand his working zone.
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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