Mohamad is applying for a Youth Loan from Kiva partner Al Majmoua, in order to pay the remaining amount of the cost of his car so that he can move easily between both jobs, and be ready to reply to any future extra income furniture maintenance request.
This is Mohamad's second cycle as Al Majmoua borrower. He has a good history of paying back. He believes that his previous loan reflected positively on his social life and helped him a lot in his financial situation.
He hopes to keep on improving his living as much as he can.
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