Ahmad is a Palestinian refugee, and he suffers from the limited choices of work they face, that's why he insisted on starting his own business to make sure that he will develop and improve it in the coming future.
Ahmad has applied for a youth loan from Kiva's partner Al Majmoua. With the loan he will complete necessary maintenance on his bus, he will fix its benches and do necessary painting. He will continue to make sure that it's in very good shape until he can afford to buy a wider new one in the future.
It is his only source of income, and he will make sure that it will always improve and develop for a better future he dreams about.
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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