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Husein
Husein is a 21-year-old married man who has been working as an electrician for seven years. In 2008, Husein started his own business to increase his income and improve his living. Husein was only fourteen years old when he started working to help his parents. He finished his intermediate studies and then entered the workforce.

Husein is applying for a Youth Loan from Kiva's partner Al Majmoua to pay for his wife's medical treatment at the hospital.This will be Husein's third loan cycle as a Kiva borrower. His previous loans helped him a lot in covering most of his needs and expanding his working zone.

Today Husein is very pleased with what he has, but he is willing to work harder to make sure that his business will cover his family's needs, especially education, which he misses in his own life.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Husein to pay for his wife's medical treatment.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014