His business is going just fine but, as most of the businesses in Lebanon, it requires an external push, which he used to request from Al Majmoua, to add a special item to his shop. Through the previous loans, Elias turned the shop from a only a convenience shop to a money transfer shop and international call center, selling stationary and magazines. In addition he sells mobile phones and prepaid cards.
This diversity in his business attracts additional customers every day and attracts customers' attention when they are in his shop.
Today, Elias is applying for his third loan from Kiva's partner Al Majmoua. This Youth Loan will increase his business merchandise through buying special requested items and increasing special offered products, which attract customers attention.
He hopes to keep on expanding his business and to be capable of moving to a better and wider place in the future.
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