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Jad
Jad is a 23-year-old, single man, who has been working in providing suitable security systems that fit with any company, according to their requirements. Jad has been selling and installing security devices, and providing maintenance services, to all of his customers since 2004.

Jad loves his work a lot, and he puts much effort into improving it as much as he can, to keep his customers pleased. He is applying for a Youth Loan from Kiva's partner, Al Majmoua, in order to buy newly-released, upgraded machines, which are necessary to keep his business progressing. Jad is looking forward to having a widely-recognized name in Lebanon's security market.

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
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Jad to buy newly-released, upgraded devices for his security systems business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 15, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014