Abdallah is applying for his third loan cycle from Kiva partner Al Majmoua. He is applying for a YOUTH LOAN in order to buy a new car that he plans to drive as a taxi during his free time. This will improve his living and increase his family's income.
Abdallah's previous loans helped him a lot in improving his business by enabling him to carry out necessary maintenance on his truck's crane, currently his only source of living. He is very anxious to have this new loan, because it will fulfill his dream of providing his family with their best living ever.
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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Success!! The loan was 100% repaid