He has been working in a construction business since seven years ago. He is specialized in painting houses and is an expert in his domain. Jihad is a hard worker, who puts much effort into developing his business, to provide his family a better living. Like almost all Palestinian refugees, he doesn't have a wide variety of business opportunities to seize -- that's why he has to develop what's available and improve it to be the best.
Jihad is requesting a Youth Loan from Kiva partner Al Majmoua, in order to perform necessary maintenance on his house. He needs to keep it a healthy living place for his beloved family. This is his second cycle as Al Majmoua borrower, and he has a good standing repayment history. His previous loan helped him a lot in his business, by enabling him to renew his working tools. He hopes to stay capable of replying to his big family's needs, 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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