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Mazen
Mazen is a 26-year-old single man who has been working in selling mobile phones, accessories, and prepaid cards for the past four years. In 2012, he opened his own shop to increase his income and develop his living.

Mazen is applying for a youth loan from Kiva's partner, Al Majmoua, in order to increase his mobile phones and prepaid cards capital. Mazen is very excited about this loan, and he hopes that he can keep on replying to his customers' needs. Most of Mazen's customers are his neighbors, friends, and relatives. Mazen is willing to keep on expanding his business, to improve his social and financial living, and to plan to make a small family of his own in the future.

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

  • $5,900
    Average annual income
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mazen to increase his mobile phones and prepaid cards capital.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014