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Abbas
Abbas is a 29-year-old Lebanese man living with his wife and three young children who all attend school. His is the main source of income for the family. In 2007, he decided to get involved in the car trading industry. Due to his strong negotiation skills and friendly personality, he was able to succeed in this domain. But his income barely covers the high cost of living--that is why he started to also work in a local company to earn an extra income. Today, he is requesting a youth loan from Kiva's partner, Ameen s.a.l, to perform the needed maintenance on his cars before selling them. He needs to make the cars safe. Abbas is very optimistic and hoping to open his own car showroom in the near future.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. 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. 

Important Information

Due to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.

About Lebanon

  • $5,900
    Average annual income
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Abbas to perform the needed maintenance on his cars before selling them.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013