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Husein
Husein is a 20-year-old single man who has been working in the aluminum business for four years. He was only 16 years old when he started working to help his family cover their expenses. Husein is working hard to develop himself and start his own business, which is why he is applying for his first youth loan from Kiva partner Al Majmoua to buy newly released tools for his business. He is well known in the region, with a good reputation and special talent. He hopes to expand his business as much as he can and to increase the number of customers.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,078,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Husein to buy newly released tools for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 22, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014