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Husein
Husein is a 28-year-old married man who has been working as a barber for more than 14 years. Husein didn't finish his Intermediate education because of his parents' financial situation. He had to start working early to make his own living and cover his expenses.

Husein is applying for a YOUTH LOAN from Kiva partner, Al Majmoua, in order to renew his shop's tools, machines and furniture that he established in 2004. He is a hard worker with a good reputation. This is his second cycle as an Al Majmoua borrower, with a good standing in his paying back history. His previous loan was invested in improving the shop's decorations and doing necessary maintenance, which resulted in a very impressive impact on customers.

He hopes to expand his working areas in the future, through meeting customers' needs and developing a special facial department.

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

  • $5,900
    Average annual income
  • 75
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Husein to renew his shop's tools, machines and furniture.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013