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Youssef
Youssef is a 25-year-old married man who has been working in printing for 12 years. Youssef was only 13 years old when he started working in order to help his parents make their living.

Youssef has been an Al Majmoua borrower for five consecutive cycles. His first loan helped him buy his partner's share which helped a lot to increase his capital and develop his business. Youssef is now applying for a youth loan from Kiva's partner Al Majmoua which will be invested in buying necessary cardboard and materials for his business development. He hopes to keep on improving and expanding his business in the future by increasing his employees from the current three to meet the extra requests he receives.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Youssef to buy cardboard and materials necessary for his printing business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2014