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Husein
Husein is a 20-year-old single man who has been working in selling vegetable oils and Mouneh for nine months to make his living. He has plans for the future of his business. Husein is a hard worker, well known in his region, with his good reputation and enthusiasm.

He likes his business and is working hard to expand and improve it. Today Husein is applying for a YOUTH LOAN from Kiva partner Al Majmoua, in order to increase his merchandise with special products highly requested from his customers. Unfortunately he is still not capable to afford to add such additional capabilities from his existing small business capital. He hopes to develop his business more and more and to start an oils whole sale trade in the future.

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
  • 38
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Husein to increase his merchandise with special products highly requested from his customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014