Jaafar is applying for a Youth Loan from Kiva's partner, Al Majmoua, in order to make necessary maintenance for his bakery, in addition to opening a new business to increase his income and develop his living. He wants to open an espresso shop, in addition to offering hookah, which is attracting a lot of customers these days. He is planning to start delivery service to customers in all of his business sectors -- bakery, cafe and hookah -- to please his customers as much as he can.
He hopes to keep on expanding his business and increasing his income, to develop his living.
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