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Hassan
Hassan is a 24-year-old single man who has been working in furniture making since seven years ago. In 2012, Hassan opened his own factory and is very happy with this step forward.

He is applying for a YOUTH LOAN from Kiva's partner Al Majmoua to buy necessary business needs such as staples, nails, cloths, sponge, wood and tools.

This is his first loan cycle as an Al Majmoua borrower and he hopes that this loan will serve the requested goal.

At the beginning, Hassan was supported by his mother and father who gave him the first financial push to open his working place. He hopes that in the future he can expand his working zone and open a wide showroom.

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

  • $15,800
    Average annual income
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hassan to buy necessary business needs such as staples, nails, cloths, sponge, wood and tools.
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:
Jun 17, 2014