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Asaad
Asaad is a 25-year-old single Lebanese man. He has been working in a special hardware and construction needs business since 2010. He sells special painting tools and supplies in addition to sanitary, electricity and construction supplies.
Asaad is a hard worker. He is planning to expand his business by applying for a YOUTH LOAN from Kiva partner Al Majmoua. This loan will help him buy his products from other sources so he can get special prices and offers.
His business is highly requested in his region. He is the only one with such items to sell, and his region has much construction work to support such a business.
At first, he had problems because he didn't know the market's needs. Today, he has become an expert and he knows exactly what the market needs and requests.
He hopes to start a wholesale trade as soon as possible to cover other requests in the region.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,824,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Asaad to increase his business merchandise with special requested products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014