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Ibrahim
Ibrahim is a 30-year-old single man who opened his own grocery store in 2008 to improve his living. He used to have a cash van that he used to work on and distribute his goods among neighboring villages.

He is always thinking of improving his living and increasing his income through different businesses. He is applying for a YOUTH LOAN from Kiva partner, Al Majmoua, in order to start an additional business, and to support his own grocery store with the amount left. He will open an entertainment hall, where he will put a pool table, and also buy baby food (for his grocery store) requested by almost all of his customers and villagers.

Ibrahim is a hard worker, putting so much effort on improving both his businesses, and his social living. He hopes that the new business will improve the existing one, through the increased requests that will take place on the soft drinks, chips and many other sweets and chocolates, since he is planning to have the businesses stuck to each other to manage both in a very well managed way.

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
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ibrahim to start an additional business and to support his own grocery store with the amount left.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014