It was hard for her at the beginning to manage between her own education and this business. Now she has gotten used to the parallel work and is more efficient in managing them.
Hamidi is working on expanding her available work area. She is applying for a YOUTH LOAN from Kiva's partner Al Majmoua in order to buy a car that will help her improve and expand her business, by providing education to students who can't come to her house that live in nearby villages.
Hamidi is planning to open a special teaching center where she can attract more students and expand her working area.
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