Safwan is an energetic person with a good reputation; he has been working hard to improve his business and expand it as much as he can to make sure that his business will last and develop widely.
He applied for a youth loan from Kiva's partner Al Majmoua in order to increase his business capital with special winter cereals and hot syrups that are highly requested in his region.
Safwan will also work hard on buying special offer products to make a good profit. He is working hard to open a supermarket in the future and hopes to be capable of starting a wholesale trade in the future.
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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Success!! The loan was 100% repaid