Ali has applied for a youth loan from Kiva's partner Al Majmoua to buy a car. This will help him to expand the area he can cover with his painting business, and also to transport his tools and machines from job to job.
Ali is well known in his local area, and has a good reputation. He has a talent for business and works very hard to keep customers loyal by providing them with the best service possible. This is Ali's first loan, and he hopes that his future relationship with Al Majmoua will improve his family's social and financial situation. He wants to make sure that they will have the best education, and he also wants to keep expanding his business.
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 DevelopmentThe 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.
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